DWP publishes regulations and guidance on TCFD requirements for private sector schemes

The Department for Work and Pensions (DWP) today published regulations in parliament to require schemes with £5bn or more in assets, and all authorised master trusts, to report on how they will manage their climate risk from October this year, alongside Guidance for trustees of occupational schemes. These requirements will not apply to the LGPS however MHCLG will be consulting on regulations which will require similar levels of risk assessment and reporting later this year.