While three quarters of the biggest UK corporate pension funds recognise the potential impact of climate change, only a handful have a specific policy, according to Pinsent Masons research.
A report by Pinsent Masons calls on trustees to be more proactive on the risks posed by climate change, warning it is no longer a 'nice to have'. Stephanie Baxter considers the action points
Hoover has become the latest firm to cut its defined benefit (DB) pension scheme adrift after The Pensions Regulator (TPR) and Pension Protection Fund (PPF) approved the plan.
Pension legislation and regulation need a radical overhaul in order to reduce complexity and communicate a coherent message, according to a report.