Legal interpretation argues trustees can take broader view of fiduciary duty

Eversheds Sutherlands and NatWest Cushon say it is ‘reasonable’ for trustees to take cost of living factors into account

Jonathan Stapleton
clock • 3 min read
Eversheds Sutherland partner Michael Jones and NatWest Cushon strategic adviser Julius Pursaill
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Eversheds Sutherland partner Michael Jones and NatWest Cushon strategic adviser Julius Pursaill

It is reasonable for pension scheme trustees to take into account members’ future standard of living in retirement when making investment decisions, a legal interpretation issued by Eversheds Sutherlands and NatWest Cushon finds.

The firms said the legal advice – unveiled at an event hosted by NatWest Cushon at Mansion House yesterday (5 March) – effectively increased trustees' ability to allocate assets to private markets ...

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