Ralph McClelland comments on SIP changes in Professional Pensions
Ralph McClelland. partner discusses SIP changes coming into force on 1 October. Trustees must show how material ESG issues are taken into consideration when selecting investments.
Industry experts believe incorporating ESG in DC default funds will boost engagement. However, some say trustees should already be taking these issues into consideration.
Ralph McClelland said it is “the duty of trustees to take into account financially material factors, so they should already be integrating these into their investment governance processes”.
He notes that although legislation is causing heightened thinking about ESG policies, it remains to be seen “whether re-worded policies will translate to any substantive change”.
Read the full article in Professional Pensions