CONSULT.Outcome publishedConsultation · gov.uk
Pension trustees: clarifying and strengthening investment duties
This consultation seeks views on the draft Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2018.
Last fetched 03 May 2026 · gov.uk
Detail
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’.
Short online questionnaireWe’ve provided a short online questionnaire for individuals who might want to comment on the proposals without going into great detail.
Documents
Consultation on clarifying and strengthening trustees’ investment dutiesapplication/pdfDraft regulations: The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2018application/pdfDraft guidance: Cost, charge and related information reporting: guidance for trustees and managers of occupational schemesapplication/pdfImpact assessment: Clarifying and strengthening trustees’ investment dutiesapplication/pdfGovernment response: Clarifying and strengthening trustees’ investment dutiesapplication/pdf100 Group to BT Pension Scheme Trusteesapplication/zipCardano to Hymans Robertson LLPapplication/zipImplementation Taskforce to Law Debenture Pension Trusteesapplication/zipLegal & General Investment Management to NOW Pensionsapplication/zipOneSource to SRI Servicesapplication/zipTesco to Zurichapplication/zip