Board summary note of Nigel Giffin KC’s legal advice on fiduciary duty

In January 2025, the Board received updated legal advice on fiduciary duty in the LGPS from Nigel Giffin KC. At the request of the Board, a summary note which summarises the Secretariat’s understanding of the main content of the opinion is now available. This has not been drafted, or endorsed by Nigel Giffin KC.

Instead, the summary note represents the views of the Secretariat based on their current understanding of the law and policy only. It should not be treated as a complete and authoritative statement of the law, and readers may wish, or will need, to take their own legal advice on the interpretation of any particular piece of legislation quoted. The Secretariat and the Board hopes, however, that this summary note will prove useful for LGPS officers and others wishing to communicate the main findings with a broader audience.