Background

Following the Department for Work and Pensions’ (DWP) consultation on consideration of social risks and opportunities by occupational pension schemes, the Taskforce on Social Factors was established in the UK in February 2023. The Taskforce aims to raise awareness and develop a common understanding of social risks and opportunities which can be addressed by pensions scheme trustees, industry and policymakers.  

Guide for consultation

The Taskforce for Social Factors has released a guide for consultation which includes more than 30 recommendations about how social factors can be better incorporated into investment decisions.

This is now the opportunity for UK pension funds to ‘have your say’ on the guidance. The Taskforce is seeking views on the current draft of the report and proposals on any useful additions to be taken into account in the final paper. We are looking forward to hearing from you by the 1st of December.

In addition to hearing from UK pension funds, the Taskforce invites views from the following:  

• Asset managers 

• Data providers and proxy voting agencies 

• Investment Consultants 

• Lawyers 

• Civil society/non-governmental organisations 

• Industry groups and trade bodies 

• Public and private businesses 

• Government departments and regulators