The pensions industry has broadly welcomed the government’s proposals to bring Local Government Pension Scheme (LGPS) administering authorities into the scope of the TaskForce on Climate-related Financial Disclosures (TCFD) reporting regime, although various concerns have been raised.
In response to the Department for Levelling Up, Housing and Communities' (DLUHC) consultation on requiring LGPS administering authorities to assess, manage and report on climate-related risks in line with TCFD recommendations, Redington welcomed the proposals but highlighted areas that should be clarified or reconsidered
The majority of pensions schemes (60 per cent) are wating for further legislation and regulation to enable them to become ready for dashboards, a survey conducted by Sackers has revealed
The Financial Reporting Council (FRC) has highlighted improvements across multiple areas of stewardship in its Review of Stewardship Reporting 2022 report
The Pensions Regulator (TPR) has launched a consultation on its dashboards compliance and enforcement policy, which outlines the regulator’s expectations for pension schemes, and its approach to regulating dashboard obligations