Fiduciary duties must be radically overhauled to move away from the "myth" trustees' sole duty is to maximise returns for scheme members, a report says.
The study, by FairPensions, said the fiduciary concept must be legally clarified to take into account wider factors affecting outcomes, such as systemic and extra-financial risks like environmental...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date