Ignoring climate change risks savers’ retirement, TPR warns

climate change

Trustees who fail to consider climate change risk could be exposing themselves to legal challenge. A new legal opinion, the first of its kind in the UK, has been welcomed by environmental lawyers ClientEarth as a key step towards protecting pension savers’ money from climate risk and driving private finance towards low-carbon investment. Climate change…

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Trends: What’s coming up in Audit and Assurance

audit assurance

Corporate governance and audit reform are key areas that will lead to a change in assurance approaches. “A significant package of reform” is how Sir Jon Thompson, CEO of the FRC (Financial Reporting Council) described the important ‘Restoring trust in audit and corporate governance’. White Paper by the BEIS (Department for Business, Energy & Industrial…

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Master Trust TECH 05/20 AAF and the Master Trust Supervisory Return

Master Trusts

Master Trust TECH 05/20 AAF and the Master Trust Supervisory Return Master Trusts continue to grow as a ‘product of choice’ for employers meeting their automatic enrolment duties, there is now a legal requirement for all Master Trusts to be authorised with the Regulator undertaking ongoing supervision and oversight. Master Trust Technical Release has been…

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Opperman calls for pension schemes to invest in renewable energy

renewable energy

Pensions Minister, Guy Opperman, has called for pension schemes to increase their investments in renewable energy sources to help the UK achieve a net zero economy. In an essay series published by the Chartered Banker Institute and the Social Market Foundation, Opperman said that if the “productive power” of UK pension funds is “unleashed” by…

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