Pension fund trustees lack basic understanding of probability

A new study on behalf of the NAPF reveals alarming gaps in fund trustees' basic mathematical knowledge

A worrying proportion of pension fund trustees in the UK lack a basic understanding of probability, according to new research conducted by Oxford University.

The UK's National Association of Pension Funds (NAPF), which funded the two-year study into trustees' decision-making skills, says the study reveals trustees have "significant skills gaps", despite some improvements in their knowledge and understanding of investment issues.

"The good news with respect to logic and probability is that pension

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