Update on investment guidance following Butler-Sloss case

From Charity Commission:

Following discussions with stakeholders, we recognise that some charities may feel uncertain as to whether the recent High Court judgment (Butler-Sloss and others v Charity Commission) has changed trustees’ legal duties.

We consider that the judgment offers welcome clarification of how existing legal principles should be interpreted by trustees in a modern context, but that it does not fundamentally alter those principles. We therefore confirm that charities can continue to rely on the legal position in our published guidance Charities and investment matters: a guide for trustees (CC14) when making investment decisions.

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