Pension Funds: Investment

Department for Work and Pensions written question – answered on 4th December 2015.

Alert me about debates like this

Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Secretary of State for Work and Pensions, if he will make an assessment of (a) the extent to which UK pension funds are investing in fossil fuel and high carbon industries and (b) the potential effect of climate change on the stability of the UK pension sector; and if he will make a statement.

Photo of Justin Tomlinson Justin Tomlinson Parliamentary Under-Secretary of State (Department for Work and Pensions) (Disabled People)

The Investment of UK pension funds is a matter for the trustees of the scheme. Trustees are required to take advice on investment from a suitably qualified person to ensure they are appropriate. Trustees make investments according to a statement of investment principles they prepare after taking advice. The statement will set out the extent to which the trustees take into account environmental considerations when making investments.

Does this answer the above question?

Yes1 person thinks so

No9 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.