Posted on: June 27th, 2017
We are delighted to welcome the Law Commission review of ‘Pensions & Social Investment’ published June 2017.
This important review, whilst not fully digested yet, appears to support and even advance the view that social, as well as other related ethical and environmental considerations should form part of our pensions investment landscape and decision making.
You can see pensions media coverage of the Law Commission report here.
The Law Commission introduction to this document reads as follows:
The barriers to social investment by pension funds that we identified were, in most cases, structural and behavioural rather than legal or regulatory.
We set out options for reform where we have identified steps which could be taken by others to address these barriers. We also make some recommendations where we have identified that the law could be improved so as to reduce the impact of these barriers. These recommendations were identified in our 2014 report and have been updated in light of the current pensions landscape.
We recommend that:
We suggest ‘options for reform’ in the following three areas:
Published 18 June 2018 – The FCA response to this review is here