UK Chancery Division
Trust and trustee – Duty of trustee – Duty towards beneficiary – Investments – Power of investment – Pension fund – Mineworkers' pension scheme – Scheme authorising overseas investment and investment in energy resources competing with coal – Trustees appointed by mineworkers seeking to restrict investments to investments in Britain and in industries not competing with coal – Whether trustees of pension fund subject to general law relating to trustees – Whether trustees entitled to prohibit particular investment for social or political reasons.
