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By Susanna Rust2021-01-27T16:16:00+00:00 The UK government today published draft climate risk reporting and governance rules for pension funds that are in line with the main thrust of proposals outlined last year but incorporate some changes in response to feedback. Its consultation on the proposed rules comes after the Chancellor in November announced plans to roll out mandatory climate reporting requirements across the UK economy by 2025, with a significant proportion in place by 2023. The DWP had by then already proposed mandatory action by pension funds. Guy Opperman, minister for pensi...

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 Find whitepapers

January 14, 2021 UK Asset Owners and Managers to Form Sustainability Alliance Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.     How can pension plans and financial managers boost sustainable investing? By forming a group to do so. British asset owners and managers are forging an alliance with that in mind. It’s in response to greater calls from regulators in the country to further the fight against climate change and promote other societal goals. The steering group that convened this week is led by the Pensions an...

Group aims to strengthen asset manager-asset owner relationship for the purpose of more effective stewardship

U.K. asset owners and money managers will jointly examine the role of stewardship in investments and manager selection processes.