Pension case repercussions reviewed by Richard Hitchcock QC & Jennifer Seaman
The starting point of the authors’ review is Mrs Justice Asplin’s decision in Merchant Navy Ratings Pension Fund Trustees Ltd v Stena Line Ltd  EWHC 448 (Ch), which contains useful guidance on how to approach a trustee’s fiduciary duty to act in the best interests of the beneficiaries.
Richard and Jennifer outline that Merchant Navy is a example of how a case arising in a pensions context has consequences for the development and practice of general trust law. Their analysis focusses on what is the ‘best interests’ principle and in what circumstances a court will bless a course of action taken by a trustee.
To read the article written by Richard and Jennifer and to find out more about the case itself, please see Trusts & Trustees.
Barristers: Richard Hitchcock QC | Jennifer Seaman