Protecting Our Best Interests: Rediscovering Fiduciary Duty

Protecting Our Best Interests: Rediscovering Fiduciary Duty

New research by FairPensions calls for an ‘enlightened fiduciary' model for institutional investors to parallel the new duties of company directors introduced in 2006. The report argues that such a provision would provide a valuable ‘nudge' towards sustainable, long term investment to overcome narrow interpretations of fiduciary obligation which emphasise profit maximisation at the exclusion of all other factors, including financial system stability.