Publication of the final response to the report on pension funds and draft regulations

Trustees Agenda posted on 18 June, 2018

The DWP has published a consultation on the draft Occupational Pension Schemes (Investment and Disclosure)(Amendment) Regulations 2018. These draft regulations contain a requirement that trustees must produce a policy which details an assessment of the sustainability of their investment decisions.

Alongside these draft regulations, the Government has published its final response to the Law Commission's report on pension funds and social investment. This publication includes plans to clarify the requirements for occupational pension scheme trustees and the independent governance committees of workplace personal pensions with regards to the consideration of broader long-term financial risks, pension schemes' ability to consider members' non-financial or ethical concerns and the role of engagement alongside voting as an important aspect of stewardship of pension scheme assets.