Stuart O’Brien comments on the ESG issues around investing in defence companies

In this month’s edition of Pensions Age, partner Stuart O’Brien comments on the increasing pressure that pension funds are facing when considering the ESG issues of investing in defence companies. He argues that trustees must act within their trust’s law and fiduciary duties:

“Broadly speaking, these legal duties require trustees to exercise their investment powers for their ‘proper purposes’, namely the provision of members’ pensions and to take account of factors that are relevant to that purpose, which will usually mean those which are financially material (this will necessarily involve the consideration of both risks as well as returns.”

You can read Stuart’s thoughts in full (pg 74), as well as the rest of Pensions Age digital’s July issue, here.