1.   THE BASICS
Being a trustee is much more complicated than it looks - trustees versus the sponsor - can you really wear two hats? - know your members - appointing trustees - the members' voice - making up the board - the money man - the problem for bosses - who is at the meeting? - starting out - a word on liability - hang on a minute... - communicating

2.   TRUSTEES OF WHAT EXACTLY?
The holiday of a lifetime - apples, pears and deficits - a very big hole indeed - back to the beginning - shopping for a pension - asking the right questions - when a promise is broken - the end of the road for DB - some thoughts on DC - reasons to be cheerful - the consequences of closure - what to do about stress? - twin track trustees

3.   OK, SO THERE ARE SOME BORING BITS
The trustee as walking encyclopedia - trust in the Trust Deed - reading lessons - the key points - the power of minutes - put it on the record - back to rules and regulations

4.   LEARNING TO TAKE ADVICE

An end to deference - baffled by gobbledygook - the "science" of the actuary - making models - a mixed performance - where it all began - the cult of equity - how much risk, exactly? - new thinking on liabilities - old thinking on liabilities - actuarial asides - a moving target - new thinking about longevity - and another thing

5.   MAKING UP THE NUMBERS
Consulting your consultants - a monitoring service - garbage in, garbage out - the shape of things to come - the big picture - all in for alm - the devil in the details - marks out of ten? - assumptions, assumptions - inside the black box - determinedly deterministic - ups and downs - rubber stamp time - real numbers wanted - almost there - and finally...

6 .   NOW IT GETS INTERESTING
The new regime - guiding principles - not all roses? - the banking paradigm - the problem of prudence - talking the talk - a question of security - when things go wrong - it can be done

7.   ALL ABOUT ASSETS
Beginning with benchmarks - get to the big picture - the asset question - bonds or equities? - on the frontier - a pertinent observation - pushing the envelope - softly, softly - open and shut - recast the debate - it's all about risk - in the news - waking up to LDI - back to risk again - active or passive? - costly activity - pay for performance

8.   LOOSE BUT IMPORTANT ENDS
Elephants in the room - a question of funding - an interesting partnership - back to basics - half full, half empty

AN INTERVIEW WITH DAVID NORGROVE

AFTERWORD AND BIBLIOGRAPHY

A word on sources