6 April 2020
We are seeing an increasing amount of interest from policymakers, regulators and civil society groups allowing for members’ views when it comes to pension scheme investment decisions.
Since October last year, trustees of occupational pension schemes have had to state their policy on taking account of members’ views on ethical and other matters. Similar rules come into force this month for contract-based pension schemes. However, few schemes currently do reflect member views in their investment decisions. This paper looks at the reasons for this, gives practical advice to overcome the barriers and analyses research commissioned by LCP into savers’ views on how they want their pension invested.
Key discussion points include:
- What are the pros and cons of reflecting member views?
- How do trustees ascertain member views?
- What practical actions can trustees take?