Law prevents pension funds from investing in best interests of scheme members
UKSIF has today urged the Law Commission to recommend changes to the law surrounding investors’ fiduciary duties as they currently hinder pension fund trustees from taking the long term investment decisions necessary to obtain good financial outcomes for current and future savers.
We also called on the Commission to enlarge on its statements on investor engagement with companies to reflect the reality of the broad range of stewardship activities currently undertaken across the investment chain to encourage companies to improve performance on those issues – including ESG – that put profits at risk.
Read the full press release here.
Read our full response to the Law Commission here.