The PLSA has published guidance to help DB and DC trustees navigate the new requirements to publicly disclose their investment and responsible investment activity over the previous year in an “Implementation Statement”.
Reporting requirements for those running a pension scheme that were paused in response to COVID-19 will resume from 1 July.
Pensions minister asks schemes for copies of ESG statements
Trustees must produce a chair’s statement which is compliant with the law, The Pensions Regulator (TPR) has warned after fines against two schemes were upheld in court. In separate cases, trustees failed to include the required information in their annual statement and were issued fines by TPR. Trustees appealed the decisions to the First-Tier Tribunal.
Reporting costs, charges and other information: guidance for trustees and managers of occupational pension schemes
This guidance for occupational pension scheme trustees and managers provides information on disclosure and administration regulations.
For scheme years ending on or after 6 April 2018, trustees of defined contribution (DC) schemes will need to meet new governance requirements.
- DC and DB schemes must be transparent about arrangements and include in SIP by 1st October 2020
- DC and DB schemes must document investment strategy and engagement policy with investee companies in their SIP by 1st October 2020
- DB schemes must publish their SIP online by 1 October 2020
- By October 2021 DC and Db schemes must publish how they have implemented their engagement policy
Published by The Pensions Regulator on March 2017 (Updated September 2019). This web page sets the trustees duties and setting up an appropriate governance structure for your scheme’s investments.