UK pensions will soon be made to disclose information about how their investments align with climate targets, following new regulations from the UK’s Department for Work and Pensions.
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Trustees of occupational pension schemes with more than £5bn will be required to publish a TCFD report The government has confirmed details of how UK pension schemes will be required to report on climate change issues affecting their portfolios. The Department of Work and Pensions (DWP) confirmed this week that from October 2021 occupational pension […]
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Pension Schemes Bill will soon receive Royal Assent Powers to impose climate change regulations on pension schemes, including requirements to have net-zero carbon emissions by 2050, have taken a step closer to reality as the long-debated UK Pension Schemes Bill is about to be given Royal Assent. The final parliamentary stage of the Pension Schemes […]
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DWP launches pension scheme voting task force Minister noted time was up to wait for industry to make a change Pensions Minister Guy Opperman has announced the establishment of the Taskforce on Pension Scheme Voting Implementation, with a focused remit to help trustees and in-house teams stay in control of their shareholder rights. The taskforce, […]
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PLSA publishes vote reporting templates for UK pension schemes The Pensions and Lifetime Savings Association (PLSA) has published vote reporting templates to help schemes enact their shareholder voting rights. The PLSA has published two different sets of guidance – one for pension schemes and the other for their underlying investment managers – to promote consistent […]
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Major UK pensions sign up to cost disclosure initiative Ten of the UK’s biggest pension schemes have written a joint letter publicly announcing their commitment to the Cost Transparency Initiative. Launched in November 2018, the Initiative encourages asset managers to report their costs and charges in a standardised format to help institutional investors access and […]
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Pension fund readiness for new climate rules under question The UK’s pension watchdog, The Pensions Regulator, has uncovered a disturbing lack of readiness for the DWP’s upcoming ESG regulations. In a survey of the 100 largest schemes, 80% were found to have not taken steps to integrate climate change issues in their investment strategy statement. […]
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