The Department for Work and Pensions (DWP) has opened a consultation proposing reforms to trustees' investment duties to boost ESG risk consideration. Kim Kaveh gauges industry reaction.
From next year, trustees may be faced with enhanced rules for their duty to consider the environmental, social and governance (ESG) risks to their schemes' investments. The Department for Work and Pensions...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests