The Pension Schemes Bill has completed its Lords stages and will now return to the Commons for consideration. Following cross-party efforts by P4P Peers, alongside MPs and organisations including ShareAction , the Government has committed to address longstanding uncertainty around pension trustees’ investor duties, particularly how to respond to system-level risks such as climate change and nature loss, while acting in savers’ best interests. This will be delivered throug

By Tom Nguyen , Peers for the Planet The UK is one of the world’s leading financial centres and holds the third largest stock of pension assets globally. In an age of mobile capital, how UK financial services and pensions are regulated have significant implications for both climate and nature. That is why, as the Pension Schemes Bill completed Committee stage in the House of Lords last week, Peers for the Planet (P4P) supporters from all sides of the House pressed the Gove

New research published by the Finance Innovation Lab has found that UK pension funds have at least £10.5 billion invested in companies which are extracting or burning coal. The findings have been published as the House of Lords continues its scrutiny of the Pensions Schemes Bill , including a proposed amendment supported by cross-party Peers that would require pension funds to divest from thermal coal and support an orderly transition more widely from fossil fuels. The UK’s