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10 Sep 2019
Deadline approaches for pension schemesTweet
The Occupational Pension Schemes (Investment) Regulations 2005 have been amended to require trustees to update their ‘Statement of Investment Principles’ (“SIP”) to cover “financially material considerations over the appropriate time horizon of investments, including how those considerations are taken into account in the selection, retention and realisation of investments”. Financially material considerations include but are not limited to environmental, social and governance considerations, including climate change, which the trustees of the trust scheme consider to be financially material.
Christopher Badger and Mark Davies have written an article on the implications of these amendments. This includes reference to pre-existing guidance for local government pension schemes which may prove both relevant and useful.
The article can be found here.