Pension trustees: clarifying and strengthening investment duties

The regulations amend:

• what a pension scheme’s statement of investment principles must include
• the way trustees prepare and revise the statement

The regulations also require trustees of schemes offering money purchase benefits, subject to certain limited exceptions, to:

• publish the statement of investment principles
• publish an annual report on how they implemented it
• use the annual benefit statement to tell members that the statement is available

This consultation is aimed at:

• pension scheme trustees and managers
• pension scheme members and beneficiaries
• pension scheme service providers, other industry bodies and professionals
• civil society organisations
• any other interested stakeholders

This consultation follows the government’s response to the Law Commission report ‘Pension funds and social investment’.

We’ve provided a short online questionnaire for individuals who might want to comment on the proposals without going into great detail.

Complete our short online questionnaire on the proposals