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UK pension trustees flouting climate risk rules to face minimum £2,500 fines, watchdog warns Share Credit: iStock The Pensions Regulator sets out draft guidance for pension schemes to comply with climate risk disclosure regulations coming into force this year UK pension providers could be forced to pay tens of thousands of pounds in fines if they fail to comply with incoming climate risk disclosure rules, The Pensions Regulator (TPR) has warned. Schemes that do not meet adhere to reporting on the threats posed to their investments in line with the Taskforce for Climate-related Financial Disclosure (TCFD) recommendations can expect to be levied a minimum mandatory fine of at least £2,500, but potentially rising to as high as £50,000 for corporate bodies, TPR indicated yesterday.

United kingdomCity ofSarah pennellsPensions regulatorClimate related financial disclosureRoyal londonஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ஓய்வூதியங்கள் சீராக்கிகாலநிலை தொடர்புடையது நிதி வெளிப்படுத்தல்அரச லண்டன்