Jonathan Stapleton looks at the ESG requirements being placed on schemes
Trade body says regime will act as starting point to boost awareness of master trusts
Industry working group to consider contract- and trust-based ‘push’ and ‘pull’ solutions
FCA, DWP and TPR urged to find a common set of expectations for schemes and investors
RIQM aims to recognise schemes meeting the highest standards for incorporating ESG
Social issues such as workforce arrangements have been brought into sharp focus during the pandemic
A Treasury Select Committee report on net-zero transitions and the future of green finance has called on the government to consider climate labelling for financial products and ramp up efforts to tackle greenwashing.
Guidance to help trustees comply with climate disclosure rules will also call on them to “act now” to protect pension savers from climate risk, The Pensions Regulator (TPR) says.
An industry co-ordination group has been established to take forward the recommendations of the Department for Work and Pensions’ (DWP’s) small pension pots working group.
The proposed changes from the McCloud judgment to Local Government Pension Scheme (LGPS) members could take more than two years to implement, according to the Pensions and Lifetime Savings Association (PLSA).