Taking action on climate risk: improving governance and reporting by occupational pension schemes - consultation on regulations: PLSA Response

The DWP has published a response to 2020’s consultation on extended Taskforce for Climate Related Financial Disclosures to pension schemes, as well as draft regulation and guidance.

The PLSA has welcomed the guidance and, in particular, the revised proposals on how frequently pension schemes need to carry out scenario analysis testing and the acknowledgement that schemes may not have the data to report comprehensively.