Trustees given go-ahead to make 'ethical decisions' on pensions

Council pension trustees can make investment decisions based on non-financial factors, a new report from the advisory Law Commission has said.

Council pension trustees can make investment decisions based on non-financial factors such as ethics as long as there is ‘no risk of significant financial detriment', a new report from the advisory Law Commission has said.

The report concluded that trustees should take into account ethical, environmental, social or governance issues where they were ‘financially material'.

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