Pensions and Climate change: the Pensions Regulator s draft guidance shoosmiths.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shoosmiths.co.uk Daily Mail and Mail on Sunday newspapers.
Fixed-income investors play a key role as creditors in assessing material environmental, social and governance (ESG) risks and opportunities that may impede creditworthiness of bond issuers. While E
Guy Opperman: I compel trustees to address climate change
By Guy Opperman 25
Illustration by Dan Murrell
I am passionate about climate change. My words and actions as pensions minister have made no secret of that.
We are six months away from the 26
th UN Climate Change Conference of the Parties (COP26), which will put into sharp focus how critically important the next decade is in the fight against it, and I’ve been clear about why pension schemes need to be taking action now.
It is in the best interests of scheme members for trustees to be taking climate risk on board and making investment decisions accordingly.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Five ESG questions pension trustees should be asking
Stephanie Baxter
Trustees are under increasing pressure to give more consideration to ESG factors. Stephanie Baxter looks at the most important questions they should be asking.
With so much for trustees to grapple with at the current time, what are the most important questions they should be asking about ESG?
1. Take a step back to review progress and policies
Pension trustees should first turn their attention to implementation reporting and check if their investment policies and stewardship arrangements are delivering against their investment principles, according to Barnett Waddingham policy and strategy lead Amanda Latham.