Rosalind Connor comments in IPE on DWP’s consultation on trustees’ pension scheme investment duties
A proposed requirement has been revealed as part of the launch of a consultation from the Department for Work and Pensions (DWP) on trustees’ duties, stipulating that pension scheme trustees will have to set out the extent to which they take account of members’ views on non-financial matters in the development of their investment strategy.
Rosalind Connor expressed concern about the requirement for a statement on members’ views.
She commented that the requirement would encourage people to think that trustees need to take into account members’ views as a matter of law.
“It is a great misunderstanding a lot of people have that trustees have to do what the members want them to do, and that isn’t the case under trust law,” she said.
Read Rosalind’s comments in IPE
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