If you are a trustee of an occupational pension scheme, it is time to start preparing for the new ESG requirements, some of which kick-in on 1 October 2019.
What is ESG?
Environmental, social and governance considerations have come to the fore in recent years especially in the context of pension scheme investment. In its recently updated guidance, the Pensions Regulator (TPR) notes that many scheme members will be invested for a long time and will be exposed to longer term financial risks which potentially include risks that “could be financially significant, both over the short and longer term. When setting investment strategies, we expect trustee boards to take account of risks affecting the long-term financial sustainability of the investments.”
Actions trustees need to take Continue Reading