The Law Commission report is looking at established duties on pension trustees to act in the best interests of scheme members, and how far these duties require trustees to maximise financial return over a short-time scale (at the expense of the long-term), and how far trustees can consider other factors, such as environmental and social impact....The Network for Sustainable Financial Markets submission to the Law Commission said: ...failure to take these real world ramifications into consideration strikes us as exactly what the duties of loyalty and impartiality are designed to prevent - ignoring future risks and costs associated with current decisions merely because the decision maker finds it more convenient to disregard factors not included in its established analytical model.
Posted on: Sun, 11 May 2014 09:30:01 +0000
Trending Topics
Recently Viewed Topics
© 2015