questionText: To ask the Secretary of State for Work and Pensions, what assessment her Department has made of whether the divestment of pension funds from insurance companies that are not compliant with the UK’s climate commitments is a part of fiduciary duty.
answerText: Trustees have a fiduciary duty to make investment decisions in members’ best interests. Climate-related risk and opportunity is one of the major categories of financial factors of which trustees need to take account, in line with their fiduciary duty. The...
heading: Pension Funds: Environment Protection