TPR urges small DC schemes to 'improve or consolidate' if not acting on climate risks

Regulator confirmed it will continue to educate and support trustees on climate risks

Holly Roach
clock • 2 min read
TPR urges small DC schemes to 'improve or consolidate' if not acting on climate risks

Small defined contribution (DC) schemes should “improve or consolidate” if they are not taking appropriate action to protect savers from climate risks, The Pensions Regulator (TPR) warns.

A report from the regulator looking at climate adaptation revealed there are "too many" small DC schemes where trustee knowledge of the scale of financial risks posed by climate change "is limited"...

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