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Think Tank May 2006

Trustees carry an enormous responsibility as the guardians of retirement fund members’ futures and many don’t want to face
this important task alone.Trustees are playing an increasingly central role in the management of retirement funds and the fear of making complicated investment decisions without sound advice and support has resulted in a number of Boards of Trustees making use of indepen- dent trustees to help guide and support them. An independent trustee can be defined as a person who has no “interests” in the assets of the retirement fund and is not associated with or connected to the employer.