The Department for Work and Pensions issued a consultation on clarifying and strengthening trustees’ investment duties last summer, to which public feedback was received.
The focus of the consultation was on the expectations upon trustees to take account of financially material risks within their investment strategies.
Whilst factors such as interest rates, equity risk, longevity etc. are widely considered, the consultation explicitly references those risks associated with Environmental, Social and Governance ( ESG ) factors.
To read more about what this may require from trustees, please click on the button below.