How is climate risk
being addressed by bulk annuity insurers?
No matter where you look, what newspaper you read or what industry you work in, it’s difficult to avoid the topic of climate risk. The pensions industry is no different, with trustees of large pension schemes needing to produce reports in line with the Taskforce on Climate-related Financial Disclosures (TCFD) requirements either from 2021 (for the very large schemes with relevant assets above £5bn) or 2022 (for schemes with relevant assets above £1bn).
To help trustees and sponsors understand how bulk annuity insurers are engaging with the risks of climate change, this year we asked insurers to participate in our Responsible Investment survey.
This survey is one of our key tools for engaging with insurers on ESG (environmental, social and governance) topics. You can engage too by considering the results of our survey when selecting or monitoring bulk annuity insurers.
- How are insurers managing climate risk in their portfolios?
- Have insurers set net zero targets that apply across their business?
- Are insurers producing reports in line with TCFD requirements and are they well prepared to help trustees meet their own requirements for producing TCFD reports?
- Have insurers applied to become signatories of the UK Stewardship Code 2020?
How we can help
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.
We help you make important investment decisions, and make sure that your investments are performing as you need them to.
Our investment team works with trustees of DB and DC schemes to set bespoke investment strategies and select fund managers. Using our market-leading technology, we help you navigate your journey by providing you with clear, actionable insights which enable you to make better short and long-term investment decisions.
We help our clients understand and implement responsible investment principles.
We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.