How can Tolstoy’s timeless wisdom help modern pension schemes navigate complexity? In this latest Market Musings, we examine what makes pension governance truly effective by comparing happy and less successful schemes through the lens of collaboration, trust, and clarity of purpose. Drawing on first-hand experience and timely examples, we explore the evolution from traditional consulting models to more dynamic, collaborative committee structures.

Understanding these shifts is vital as governance models mature and new regulations shape the selection and oversight of fiduciary managers. Whether you’re a trustee, sponsor or adviser, this article offers practical reflections on fostering effective decision-making and what happens when collaboration breaks down.

Discover our practical recommendations and learnings from the field