Simon Howard, Responsible Investor
Responsible Investor heard me speak at a Good Money Week Event hosted by Standard Life Investments and asked me to sum up what I said about some of our future activity.
The topics all come under the “fiduciary duty” umbrella. Regular RI readers will remember that the Law Commission said in 2014 that pension fund trustees “should” consider all financially material factors, and that clearly encompasses some significant ESG issues.UKSIF has been plugging away at this.
The Government declined to legislate on the matter, but then, after a consultation in the summer, The Pensions Regulator (TPR) issued important guidance for the trustees of defined contribution (DC) schemes essentially endorsing the Law Commission’s view.