The pensions industry could invest up to £1.2trn in UK climate solutions - half of what is needed to deliver net zero by 2050 - with the “right reforms”, research from Phoenix Group and Make My Money Matter (MMMM) has found.
Following last week’s long-anticipated Taskforce for Nature-related Financial Disclosures (TNFD) framework, which was released in its final form after four draft iterations, many in the industry will have been digesting what the potential impact could be for schemes.
Pensions sector accused of 'aiding and abetting' fossil fuel expansion, as fresh research reveals average UK pension holder has £3,000 invested in fossil fuels