AI in pensions raises governance challenge for trustees: Cartwright

Artificial intelligence used across pension schemes is creating a governance challenge rather than a new regulatory risk, according to Cartwright Pension Trusts. Cartwright said trustees should focus on oversight, accountability and existing governance frameworks as AI becomes more widely used across scheme operations. It said trustees remain responsible for decisions and member outcomes, whether services are delivered by people or AI tools and should incorporate AI considerations into existing governance, risk management, supplier oversight and information security frameworks. According to Cartwright,...