DISCUSSION Pension funds ‘negligent’ if they pursue returns above all else

by Luke Robinson _______12th June 2014
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by Jonathan Williams

Pension funds ‘negligent’ if they pursue returns above all else | News | IPE

Pension trustees are neglecting their fiduciary duty if they pursue the highest possible return without considering the impact of their investment behaviour, the chief executive of Hermes Fund Managers has argued.

Rather than chase an inflation target, pension funds should aim to offer beneficiaries a certain living standard on retirement, while investing in a way that is also beneficial to the more deprived members of a society, Saker Nusseibeh said at an event organised by think tank Tomorrow’s Company…

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