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Pension Funds

Question for Department for Work and Pensions

UIN 210528, tabled on 14 October 2014

To ask the Secretary of State for Work and Pensions, what guidance the Government provides to pension fund trustees on the consideration of environmental, social and governance factors as part of their fiduciary duties; and if he will make a statement.

Answered on

20 October 2014

The Pensions Regulator produces free guidance for trustees via the online Trustee Toolkit. The Trustee Toolkit was updated last week, with new material on the extent to which trustees should take account of social, environmental or ethical considerations when taking investment decisions. This new material reflects the outcomes of the Law Commission’s recent review of fiduciary duties.