Pension Funds

Department for Work and Pensions written question – answered on 20th October 2014.

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Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

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.

Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions

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.

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