Stuart O’Brien comments on further reporting requirements for pension funds in IPE


Partner, Stuart O’Brien, comments on fresh changes to UK investment regulations in relation to ESG and stewardship affecting pension funds.

New regulations to implement the EU Shareholder Rights Directive II (SRD II) were laid before parliament on 6 June 2019, requiring all pension funds to set out policies relating to arrangements with asset managers in their statement of investment principles (SIP) by October 2020.

O’Brien considers the new regulations will be a big change for most trustees, particularly those with DB schemes:

“Not a lot of schemes are currently doing what the new regulations will require them to disclose a policy on,” he said. “It will be interesting to see whether this prompts a complete sea change in how trustees review and incentivise their managers, or whether this will just provide a list of things that trustees just disclose that they don’t do.”

Read the full comment and article in IPE

Read our Alert summarising the further changes to SIPs and investment disclosure

< Back to news