Committees that check if employees get a good deal from their work pension shoul...
LONDON - Committees that check if employees get a good deal from their work pension should also consider how retirement schemes examine the impact of climate change on investments, Britain’s markets watchdog proposed on Monday.
Firms that have workplace pension schemes already have to set up an independent governance committee, or IGC, to check that members are not being ripped off by unfair transaction costs. “We want to help make sure that these consumers do not lose money as a result of unsuitable investments, for example due to ESG risks including climate change,” the FCA said in its consultation paper.
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