WebSep 1, 2024 · Abstract. Essential Cases: Equity & Trusts provides a bridge between course textbooks and key case judgments. This case document summarizes the facts and … WebStudy with Quizlet and memorize flashcards containing terms like Learoyd v Whitely [1887] + Bartlett v Barclays Bank Trust Co. Ltd (No 1) ]1980], Cowan v Scargill [1984], Harries v Church Commissioners for England [1992] and more.
Cowan v Scargill [1985] Ch 270, Chancery Division - ResearchGate
Cowan v Scargill [1985] Ch 270 is an English trusts law case, concerning the scope of discretion of trustees to make investments for the benefit of their members. It held that trustees cannot ignore the financial interests of the beneficiaries. Some of the obiter dicta in Cowan, however, have been implicitly doubted … See more The trustees of the National Coal Board pension fund had £3,000 million in assets. Five of the ten trustees were appointed by the NCB and the other five were appointed by the National Union of Mineworkers. The board of trustees … See more • Re Gestetner Settlement [1953] Ch 672 • Evans v London Co-operative Society [1976] CLY 2059, (6 July 1976) Times • Re Hay’s Settlement Trust [1982] 1 WLR 202 See more • Institutional Shareholders' Committee • National Association of Pension Funds • United Nations Principles of Responsible Investment See more Megarry VC held the NUM trustees would be in breach of trust if they followed the instructions of the union, saying ‘the best interests of the beneficiaries are normally their best financial … See more While the case has often been cited as controversial, given the doubts it may have given rise to over ethical investment, it did not lay down a rule that pension funds or other trustees must … See more 1. ^ [1992] 1 WLR 1241 2. ^ R Goode, The Report of the Pension Law Review Committee (1993) Cmnd 2342, 349-350 3. ^ Law Commission of England and Wales, Fiduciary Duties of Investment Intermediaries Law Com 350 paras 4.36-4.45, 6.27 See more WebIn Cowan v Scargill [1985] Ch 270, the principle was established that trustees cannot make investment decision on political or ‘moral’ grounds but must consider the financial interests of the beneficiaries as paramount. In Harries v The Church Commissioner for England [1992] 1 WLR 1241, regarding ethical investment Nicholls grays harbor county public hospital
Cowan v Scargill - Lecture Notes - Westlaw UK Delivery
WebStudy with Quizlet and memorize flashcards containing terms like Ilott v Mitson [2024] UKSC 17, Ross v Gosselin's Exrs 1926, Holmes v Bank of Scotland 2002 and more. ... Cowan v Scargill 1984 => Trustee attempted to change assets held in miners' pension fund to show solidarity with striking miners => Held improper motive WebJan 27, 2024 · A rare example of the latter was the Cowan v. Scargill case in 1984. The dispute itself was as to whether or not the trustees of the National Union of Mineworkers … Web“When the purpose of the trust is to provide financial benefits for the beneficiaries, as is usually the case, the best interests of the beneficiaries are normally their best financial interests” Per Megarry VC in Cowan v Scargill [1984] 2 All ER 750. 1. Where do you find the power of investment? 1. First, look at the trust instrument itself. choker set in gold