UK regulator ramps up ESG duties for DC funds’ governance committees

The bodies that oversee contract-based workplace pensions will now be expected to consider ESG

The UK’s Financial Conduct Authority (FCA) has given ESG and stewardship duties to the Independent Governance Committees (IGCs) that oversee contract-based workplace pensions.

The new responsibilities, laid out in a policy statement, are to “consider ESG considerations, member con…

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