Policy paper

Pension funds and social investment: interim response

This is the government바카라 사이트™s interim response to the Law Commission바카라 사이트™s report on pension funds and social investment.

• From: Department for Culture, Media and Sport, Department for Work and Pensions, Law Commission and Department for Digital, Culture, Media & Sport
• Published: 18 December 2017

This was published under the 2016 to 2019 May Conservative government

Documents

PDF, 260 KB, 28 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

In November 2016, the government asked the Law Commission to look at how far pension funds may or should consider issues of social impact when making investment decisions.

The Law Commission바카라 사이트™s report found there are no substantive regulatory barriers to making social impact investment by pension funds. Most of the barriers are in fact structural and behavioural, including the need for clearer legislation and guidance.

This is the government바카라 사이트™s interim response to the report. It provides government바카라 사이트™s first view of the Law Commission바카라 사이트™s recommendations and areas in which it is considering taking action. It includes plans to clarify legislation around:

• consideration of broader long term financial risks
• pension schemes바카라 사이트™ ability to consider members바카라 사이트™ non-financial or ethical concerns
• the role of engagement alongside voting as an important aspect of stewardship of pension scheme assets

A number of the Law Commission바카라 사이트™s proposals are the responsibility of regulators. In these cases, government is working with the relevant parties as they consider the recommendations.

The Department for Digital, Culture, Media and Sport and the Department for Work and Pensions will continue to work together and with stakeholders, within government and externally, to provide a full response to the Law Commission바카라 사이트™s report by June 2018.

Read the Law Commission report 바카라 사이트“

Published 18 December 2017