The legal definition of fiduciary duty must be changed to halt "dysfunctional" interpretations by trustees, FairPensions argues.
The responsible investment group argues trustees' fiduciary duty to act in members' interests has been routinely misunderstood to mean ‘the duty to maximise returns'. The report claims this lead...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
