Savers are mostly unaware of the steps their workplace pension schemes are taking to tackle and reduce the impact of climate change, according to research by the Pensions and Lifetime Standards Association (PLSA).
Financial services firm Aegon has become the latest corporate to commit to reaching net-zero emissions by 2050, targeting the decarbonisation of its pension fund ranges and main operations.
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Date: 27 May 2021
January 14, 2021
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
How can pension plans and financial managers boost sustainable investing? By forming a group to do so.
British asset owners and managers are forging an alliance with that in mind. It’s in response to greater calls from regulators in the country to further the fight against climate change and promote other societal goals.
The steering group that convened this week is led by the Pensions and Lifetime Savings Association (PLSA) and the UK Investment Association (IA), and will be co-chaired by PLSA Chair Richard Butcher and Archie Struthers, the global head of investment governance and oversight at Standard Life Aberdeen, the group said Wednesday.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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