Pensions: what's new this week - July 2, 2024

Signposting members to the Pensions Ombudsman

The Pensions Ombudsman (TPO) has published a new factsheet setting out wording that can be used to signpost members to its services. The factsheet replaces a previous version which referred to the possibility of using TPO’s early resolution service as an alternative to a scheme’s internal dispute resolution process – as we reported last week, this alternative is no longer available.

Schemes will already have wording in place for standard communications but may wish to check that contact details are up to date and make any relevant changes to wording about the early resolution service, in response to TPO’s tightening of processes.

Read the factsheet

Sustainability and Pension Fund Investing - priorities and policies in the U.S., EU and UK

Politicians and lawmakers have long recognized the role of pension funds in the transition to greener finance and a sustainable economy. New governance and reporting requirements continue to come on-stream in the EU and the UK, widening the scope of sustainability issues to be considered and improving transparency by way of governance and reporting requirements. But political and economic headwinds are increasing, ranging from the UK government’s focus on using pension capital to boost the UK economy, to pushback against perceived ‘woke’ agendas in the U.S.

Join us for the next webinar in our Sustainable Transition series on Wednesday July 10, 2024 at 2pm BST, when our panel of speakers will bring together the latest insights and expectations for political and legal change in the U.S., EU and UK.

Click here to register for the webinar