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Summary
It has been established from this thesis that the duties of the trustee to the beneficiary (he who has the equitable title) from the settler (Absolute owner). It is known that the trust performs a very simple trick; it enables more than one person to have height in the same piece of property simultaneously. In many schemes, both the employees make pension contributions but in some cases the employer will make all the contributions on retirement. The employees will be entitled to an income and also will be able to elect to take part of the entitlement in the form of a lump sum.
The importance of pension fund scheme answers from the increased social importance of pension, the wide range of people to which it applies and the sandals allow the benefits payable to employees to be vanned, sometimes with the consent of the employers. By the terms of the trust deed and through appointed trustees, the employer can ensure that he exerts a good deal of power and control over the fund, In Imperial Group Pension Trust ltd, Imperial Tobacco ltd. It was held that the fact that there was a construct relationship of employer/employee was important and that in exercising any power under the scheme, the employer was bound by this obligation of good faith towards his employers
