“…cting together … , they are entitled to direct the trustees how the trust fund may be dealt with” (to quote Walton J in Stephenson v Barclays Bank Trust Co Ltd [1975] 1 WLR 882, at 889), was held not to apply. Thorpe, like the present case, concerned a small self-administered pension scheme. Lloyd LJ said at paragraph 25 that the Saun…”