Consultation outcome

Changes to the law on investments in occupational pension schemes

• From: Department for Work and Pensions
• Published: 27 February 2015
• Last updated: 18 December 2015 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Detail of outcome

We published the government response to this consultation on Thursday 12 November 2015 as part of another consultation on Occupational pensions: reducing regulatory burdens and minor regulation changes.

Feedback received

ACA to EAPF

3.58 MB

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Hamp to LAPF

1.63 MB

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Mercer to Sarasin

3.52 MB

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Scanlan to UKSIF

2.69 MB

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Unison to West Midlands

3.4 MB

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Detail of feedback received

The responses to this consultation are attached. We received 47 responses from a variety of organisations. Having considered these responses, the government concluded there was not a compelling case to amend the regulations. It is important that trustees are supported in understanding heir responsibilities in taking investment decisions, and The Pensions Regulator is supporting trustees in doing this. Guidance provided by the Law Commission has been shared with trustees by The Pensions Regulator, and The Pension Regulator’s own guidance has been updated to reflect the Law Commission’s findings.

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Original consultation

Summary

This consultation seeks views on recommendations made in the Law Commission's report 'Fiduciary duties of investment intermediaries'.

This consultation ran from
2pm on 27 February 2015 to 11:45pm on 24 April 2015

Consultation description

This consultation seeks views on recommendations made by the Law Commission on the law governing investments in occupational pension schemes. These recommendations were made in the commission’s report Fiduciary Duties of Investment Intermediaries, published on 1 July 2014. They cover 2 main themes:

• the difference between financial and non-financial factors when taking decisions about investments
• the role that a ‘stewardship’ approach can play when taking decisions about investments

Documents

Consultation on changes to the Investment Regulations following the Law Commission’s report ‘Fiduciary Duties of Investment Intermediaries’

PDF, 74.3 KB, 17 pages

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Published 27 February 2015
Last updated 18 December 2015 + show all updates

1. 18 December 2015

   Published the public responses to the consultation.

2. 12 November 2015

   Added a link to the government response to the consultation.

3. 27 February 2015

   First published.