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  • DWP drops ‘statement on member views’ requirement from ESG rules – IPE

    11 September 2018

    The UK government has rowed back on a proposal that trustees of occupational pension schemes be required to set out the extent to which they take account of members’ views on non-financial matters when developing their investment strategy.

    The Department for Work and Pensions (DWP) had proposed this requirement in a June consultation on changes to the investment regulations for occupational trust-based pension schemes, which had the overall aim of “clarifying and strengthening” trustees’ investment duties in relation to environmental, social and corporate governance (ESG) matters.

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