The latest from the Pensions Regulator who are keen to bake in ESG, diversity, Net Zero and social justice policies into any pension scheme investment.
The Pensions Regulator (TPR) has welcomed new guidance to help pension trustees to better understand and assess social factors as part of their investment decisions and stewardship policies.
Guidance launched recently (Thursday) by the Taskforce on Social Factors (TSF) provides a framework for trustees to identify and monitor social risks and opportunities in investments. The TSF was set up by the Department for Work and Pensions and includes representatives from across the pensions sector.
Louise Davey, TPR’s Interim Director of Regulatory Policy, Analysis and Advice, said: “Social factors present both risks and opportunities to schemes. Trustees can’t ignore social factors they consider to be financially material. We urge trustees to use the guidance to help them to get to grips with key issues as part of their investment stewardship and risk management.
“It’s also important that trustees are in active dialogue with their asset managers so social factors are integrated into their investment objectives and can help drive good outcomes for savers.”
Be the first to comment