Source · Select Committees · Work and Pensions Committee
Recommendation 17
17
Paragraph: 62
Direct investment by pension schemes in green infrastructure and other illiquid assets has the potential...
Recommendation
Direct investment by pension schemes in green infrastructure and other illiquid assets has the potential to benefit savers and the environment. We recommend that the Department for Work and Pensions publishes information about levels of direct investment by pension schemes in its annual report.
Paragraph Reference:
62
Government Response
Not Addressed
HM Government
Not Addressed
The Government does not agree with the Committee’s recommendation. It would not be practically feasible to publish information on direct investments. It is typical for an occupational pension scheme to have thousands of stocks in just one fund alone and for that fund to only represent a percentage of their investment portfolio. However, the Government acknowledges the importance of assessing and reporting on the pension investment landscape of the UK and therefore brought in the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to drive assessment and disclosure of levels of climate risk arising from investments.