The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 (SI 2021/839) issued

Released 14 July 2021

SI 2021/839 introduces new requirements for trustees of certain occupational pension schemes to ensure effective governance in relation the impacts of climate change and introduces related reporting and publication requirements.

The instrument also confers new compliance powers on The Pensions Regulator.

The regulations apply to trustees of certain occupational pension schemes, including trustees of authorised master trust schemes and trustees of schemes in charge of providing collective money purchase benefits.

The regulations will apply on a phased basis from 1 October 2021.

Further information can be found at: https://www.legislation.gov.uk/uksi/2021/839/contents/made.

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