Intergenerational Equity


Trustees of perpetual charitable Trusts need to be mindful of intergenerational equity, particularly in the case of non-discretionary Trusts.


Trustees must ensure that their investment portfolio and investment strategy are not unduly benefitting one generation of beneficiaries over another.


As part of our ongoing review of your portfolio relative to your Trust's objectives, we will assess the impact of your investment strategy on current as well as future beneficiaries, with particular focus on:


  • the value of capital in real terms, and 

  • the level of income distribution.