PLSA comments on DWP consultation response on trustee duties

The Pensions and Lifetime Savings Association (PLSA) has today (Tuesday) responded to the Department for Work and Pensions’ consultation response on clarifying and strengthening trustees’ investment duties. 

Nigel Peaple, Director of Policy and Research, PLSA, said: 

“These new regulations are a welcome step in providing some much-needed clarity for pension schemes on Environmental, Social and Governance (ESG) issues. As long term investors, it’s important that pension schemes are considering ESG risks, such as climate change, and the new regulations should help trustees understand when an issue is a financial consideration or an ethical one. 

“We look forward to working with our members and the Government on the implementation of these regulations, including any accompanying guidance, to ensure it is done efficiently and in a way which adds real value for savers.”

-Ends-

Press contacts

Robyn Margetts, Head of Media and PR
 020 7601 1726 | 07713 073 023 | [email protected]

Steven Kennedy, PR Manager
 020 7601 1737 | 07713 073024 | [email protected]