Mobius Life has launched a service to provide pension schemes with a report which collates asset managers’ ESG themes to help trustees complete their annual implementation statements.
From October 2020 all trust-based pension schemes with more than 100 members must publish an implementation statement in their annual report which sets out how they acted on the principles set out in their statement of investment principles (SIP).
The SIP documents schemes' investment strategies, including investment objectives and policies. It must include schemes' policies in relation to environmental, social and governance (ESG) considerations, such as climate change.
Schemes have seven months from their year-end to produce and publish their implementation statements. Defined contribution schemes will also be required to publish their implementation statements online for public scrutiny.
The Mobius Life service provides a bespoke report for scheme trustees setting out asset managers' attitudes and capabilities for investing responsibly. This includes summarising the managers' voting patterns and the reporting on the outcomes of managers' engagements with companies.
Mobius Life chief executive Adrian Swales said: "Trustees must now consider how they incentivise asset managers to invest in accordance with their own beliefs on issues such as climate change and board diversity.
"Our new service helps trustees to contextualise the approaches of asset managers and to understand how scheme assets are being invested. This would otherwise be a time-consuming and onerous task for consultants and trustees to complete."