Approvals needed to enact the contract include votes by the pension fund trustees and the State Legislature on the new pension financing.

A person close to the fund trustees, who spoke on the condition that he not be identified, said, "We don't have a lot of confidence" in our ability to prevail.

To make real changes happen, though, fund trustees will have to incur the wrath of many a fund employee who is making a mint by trading in a personal account.

The moves are subject to approval of shareholders and fund trustees.

SRSS organizes round table for mutual fund trustees.

People should think about that when they invest in a company or choose a fund trustee.

Presumably, he intends to use the data to better understand what an alert fund trustee could have known and when he could have known it.

Fund Directions, an industry newsletter, expressed strong reservations about how investors view the funds: "Price stability is the product's Achilles' heel, and that worries some fund trustees."

In a written Commons reply the social services minister Willam Hague said the fund trustees were now cautiously optimistic.

In some cases, fund trustees were forced to sell shares at depressed prices after Black Monday to meet redemption orders, further depressing the value of the remaining holdings.