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
Image:

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 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

No u-turn on pension IHT overhaul as Finance Bill set to become law

No u-turn on pension IHT overhaul as Finance Bill set to become law

Poised to receive Royal Assent

Laura Miller
clock 18 March 2026 • 3 min read
AMNT: Treating lay trustees as amateurs is 'faulty thinking'

AMNT: Treating lay trustees as amateurs is 'faulty thinking'

Maggie Rodger says the rise of schemes without a member voice is a retrograde step

Maggie Rodger
clock 18 March 2026 • 4 min read
Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Chris Edwards-Earl looks at how a recent Court decision upholds trustee rights to be indemnified from scheme assets

Chris Edwards-Earl
clock 17 March 2026 • 3 min read
Trustpilot