你的养老基金的受托人决定哪一位基金经理将投资你部分或所有的未来收入。
The trustees of your pension fund decide which fund manager will invest some or all of your future income.
契约型基金本质上是一种信托关系，它赋予受托人充分的自由度和信托资产的控制权，容易产生道德风险。
Contractual fund is a kind of trust relationship, which gives the Trustee much freedom to manage the fund property, it may bring on the moral hazard.
从信托契约上完善受托人机制以及借鉴公司型基金。
It is also necessary to consummate entrusted mechanism and benefit form the corporation fund prectice.
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