Corps of Commissionaires Retirement Benefit Scheme
The Department for Work and Pensions (“DWP”) is strengthening regulation around disclosure of financially material risks. This regulatory change recognises Environmental, Social and Governance (“ESG”) factors as financially material and pension schemes need to consider how these factors are managed as part of their fiduciary duty. The regulatory changes require schemes to detail their policies in their statement of investment principles (“SIP”) and demonstrate adherence to these policies in an implementation report.
For full details, please click on the following links:
The Statement of Investment Principles
The Implementation Statement