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What is the differenece between a pension fund trustee and administrator?

0 votes
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asked Mar 25 in BUS 4028F - Financial Economics by Conor (330 points)
The two seem to have the same role i.e. collection of contributions, investment of assets and payment of benefits. 
commented Mar 26 by Rowan (2,480 points)

Hi Conor, is this not perhaps a question better suited to the ARM category?

1 Answer

+1 vote
answered Mar 26 by Rowan (2,480 points)
selected Apr 21 by Rowan
 
Best answer

The trustees are the people who have been put in charge of overseeing the whole fund. They are in charge of choosing/hiring the investment managers, administrators etc. and making other decisions about how the fund is run

The administrators, on the other hand, are the people who are hired to carry out all the administrative tasks for the fund, such as sending and receiving communications, organising payment of benefits etc. They are not in charge of making any decisions.

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