New guidance from the Pensions Regulator reflects recent legislative changes requiring trustees of occupational pension schemes to set out their policies on environmental, social and governance (ESG) issues which may influence their investment decisions.
The new law
From 1 October 2019, changes apply governing the way pension schemes prepare and revise their investment disclosure documents, including their Statement of Investment Principles (SIP). There are also new requirements for an Implementation Statement to be prepared and published.
Further changes were implemented in 2019 following the transposition into UK law of the Shareholders’ Rights Directive II which … Continue Reading