Publication
Impact of PSR on ownership
The 2023/24 Premier League season was unusual in recent times in that events off the pitch seemed to almost take up as many column inches as the football.
United Kingdom | Publication | May 2023
The Regulator has published a blog discussing the importance of trustees improving their understanding of environmental, social and governance (ESG), climate and wider sustainability issues.
The blog outlines that whilst there are challenges around certain aspects of ESG issues, including data quality concerns, this should not prevent pension scheme trustees from meeting their ESG duties. The Regulator intends to start a review of a cross-section of statements of investment principles (SIP) and implementation statements (IS) – where trustees need to publish then – in the autumn. Although it notes that the content of SIPs and ISs will vary from scheme to scheme, it is aware that some schemes produce disclosures where the wording is relatively vague and generic. In future, the Regulator expects its review to focus on the extent to which the DWP guidance has been adopted by trustees. This guidance is relevant for those schemes which are subject to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and the Climate Change Governance and Reporting Regulations which currently apply to schemes with more than £1bn in assets.
Publication
The 2023/24 Premier League season was unusual in recent times in that events off the pitch seemed to almost take up as many column inches as the football.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023