More than two fifths (43%) of UK based trustees and pension managers do not feel properly equipped to monitor and report on their pension schemes’ ESG policy to a high standard, according to analysis from the UK pensions side of the asset servicing bank, CACEIS.
From the 1st of October 2019, new UK legislation has required trustees to outline how they approach financially material factors, including ESG and climate change considerations, into the investment decision making within their Statement of Investment Principles.