Pensions Radar

From 1 October 2021, trustees of occupational pension schemes with £5 billion+ in relevant assets (broadly, excluding buy-in policies), authorised master trusts and (when permitted) collective money purchase schemes are required to comply with enhanced climate governance requirements, with first public disclosures to be made within seven months of the end of the scheme year in which the governance requirements start to apply. These are based on Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. Schemes with relevant assets of £1 billion or more are subject to the same...