Released 08 September 2021
SR 2021/244 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 come into operation on 1 October 2021.