Consultation outcome

Pension trustees: clarifying and strengthening investment duties

This consultation has concluded

Download the full outcome

Government response: Clarifying and strengthening trustees’ investment duties

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Detail of outcome

Original consultation

Summary

This consultation seeks views on the draft Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2018.

This consultation ran from
to

Consultation description

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 questionnaire

We’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 duties

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Draft regulations: The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2018

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Draft guidance: Cost, charge and related information reporting: guidance for trustees and managers of occupational schemes

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Impact assessment: Clarifying and strengthening trustees’ investment duties

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Published 18 June 2018
Last updated 11 September 2018 + show all updates
  1. Added a link to The Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018.
  2. We published the government response to this consultation on 11 September 2018.
  3. First published.