Trustee fiduciary duties require subscriber-first scheme administration, prudent conduct, conflict prioritisation, and compliance with governing pension requirements. Trustees and their directors, officers and governing-body members must act in a fiduciary capacity solely for Subscribers' benefit and protect and enhance ... Summary
Trustee fiduciary duties require subscriber-first scheme administration, prudent conduct, conflict prioritisation, and compliance with governing pension requirements.
Trustees and their directors, officers and governing-body members must act in a fiduciary capacity solely for Subscribers' benefit and protect and enhance superannuation benefits. They must apply reasonable care, diligence, skill and prudence, prioritise Subscribers' interests in actual or potential conflicts, and ensure that Scheme administration complies with the Scheme Information Document, trust deed, applicable pension regulations, subsidiary instructions and other applicable laws.
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