Consultation outcome

Changes to the law on investments in occupational pension schemes

This consultation has concluded

Detail of outcome

Feedback received

ACA to EAPF

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Hamp to LAPF

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Mercer to Sarasin

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Scanlan to UKSIF

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Unison to West Midlands

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of feedback received

The responses to this consultation are attached. We received 47 responses from a variety of organisations. Having considered these responses, the government concluded there was not a compelling case to amend the regulations. It is important that trustees are supported in understanding heir responsibilities in taking investment decisions, and The Pensions Regulator is supporting trustees in doing this. Guidance provided by the Law Commission has been shared with trustees by The Pensions Regulator, and The Pension Regulator’s own guidance has been updated to reflect the Law Commission’s findings.

Original consultation

This consultation ran from to

Summary

This consultation seeks views on recommendations made in the Law Commission's report 'Fiduciary duties of investment intermediaries'.

Documents

Consultation on changes to the Investment Regulations following the Law Commission’s report ‘Fiduciary Duties of Investment Intermediaries’

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Consultation description

This consultation seeks views on recommendations made by the Law Commission on the law governing investments in occupational pension schemes. These recommendations were made in the commission’s report Fiduciary Duties of Investment Intermediaries, published on 1 July 2014. They cover 2 main themes:

  • the difference between financial and non-financial factors when taking decisions about investments
  • the role that a ‘stewardship’ approach can play when taking decisions about investments