![]() |
Sackers have announced the results of their most recent webinar survey which shows that the biggest challenge for trustees as they come to terms with the raft of new climate reporting regulations is data. |
Stuart O’Brien, partner at Sackers and Chair of the Pensions Climate Risk Industry Group (PCRIG),commented: “New climate-related governance and reporting rules mean that many pension scheme trustees have a raft of new rules and disclosure requirements. Schemes in scope will need to establish and maintain clear governance frameworks and processes for identifying and managing scheme related climate risks and select and report on at least three (or from October 2022 four) climate related metrics, setting a non-binding target for at least one of them. Some schemes will have their work cut out to get ready in time.” O’Brien continued: “The learning curve within the industry will be steep, but schemes in the £1bn to £5bn range can benefit from the work undertaken by the larger schemes who are already implementing these regulations. It’s no surprise, however, that going into our recent webinar, over a quarter of attendees (29%) were unsure of what they need to do. Nor is it a surprise that the biggest concern is identifying and collecting the required data (46%).”
O’Brien concluded: “Trustees aren’t expected to be climate experts or scientists, but they are ultimately responsible and accountable for ensuring that they comply with the new regulations. They need to start asking the relevant questions of their advisers and investment managers now to ensure they’re well placed to comply with the regulations when their scheme comes into scope. There is also industry guidance to support trustees too, including a practical step-by-step guide from PCRIG that covers all aspects of the new regulations that will help trustees better navigate their way through this.” |
|
|
|
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Principal Actuary - Bermuda | ||
Bermuda - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
Senior Investment Manager | ||
London / hybrid - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
Principal Risk Analyst - island adven... | ||
Bermuda - Negotiable |
Make a difference within BPA Administ... | ||
North West / hybrid 50/50 - Negotiable |
GI Provisioning in the Public Sector | ||
London or Edinburgh / hybrid 3 dpw office-based - Negotiable |
Associate Actuary - Risk Transfer Con... | ||
Flex / hybrid 50/50 - Negotiable |
Assumptions Actuary | ||
London/Hybrid - Negotiable |
Senior Actuary | ||
London/Hybrid - Negotiable |
Senior Investment Trainee | ||
London or Edinburgh / hybrid 50/50 - Negotiable |
Pensions Manager | ||
Any UK office / hybrid 2 dpw office-based - Negotiable |
Actuarial Reserving Senior Manager | ||
London / hybrid - Negotiable |
Senior Actuarial Consultant – GMPe | ||
Any UK Office location / Hybrid working - Negotiable |
Senior Life Actuarial Consultant | ||
London / hybrid 3 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.