“The tapestry of legal rules which constitute pensions funds in the United Kingdom and Australia are extremely complex. The rights, duties and liabilities of all involved are defined with great care in a variety of formal documents, supplemented by the increasingly invasive regulatory regimes applied in each jurisdiction. Despite this, there is something about trusteeship even in the pension fund context that transcends these intricate rules and regulations; an immanent paternalism embodying ideals of wisdom and cautiousness instantiated most vividly in the aphorism that trustees must ‘act prudently’ …”
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M Scott Donald, Modern Challenges to the Prudence Expected of Pension Fund Trustees, King’s Law Journal, https://doi-org.ucc.idm.oclc.org/10.1080/09615768.2022.2034593. Published online 17 March.
First posted 2022-03-19 14:00:29
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