Pensions and Lifetime Savings Association

PLSA LAUNCHES GUIDE ON NEW TRUSTEE INVESTMENT DISCLOSURE DUTIES

The PLSA has today 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”.

The new duties from the Department for Work and Pensions (DWP) require trustees to disclose how and to what extent their investment action over the course of the previous year follows the investment intent, as set out in the scheme’s Statement of Investment Principles (SIP).

The requirements differ for trustees of DC/hybrid and DB-only schemes, with DC/hybrid schemes required to disclose against all parts of their SIP and DB-only schemes required only to disclose on their voting and engagement behaviour.

The PLSA’s guidance offers practical, step-by-step support for trustees to produce meaningful and relevant disclosures.

The link to the article on the PLSA website is here

The full guide is available here