Figure 19 CLMPC-PIAC Survey Barrier #5: Potential High Profile Failures, Liabilities

• Not, 15%
• Somewhat, 21%
• Important, 30%
• Very, 34%

Highlights

• Close to two-thirds (64%) of PIAC respondents rated this barrier as important or very important
• Little variance by size of pension fund

Some PIAC Member Comments

• A key concern for governing fiduciaries (e.g. trustees)
• Many pension funds eschew profile and publicity altogether
• Pension funds have little recourse when investment deals go bad

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