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<p>The Department for Work and Pensions works closely with the Financial Conduct Authority
to ensure that pension savers benefit from comparable protection whether they are
members of an occupational pension scheme or a workplace personal pension scheme.
This includes considering together how best to ensure that schemes take appropriate
account of climate change risks and other financial risks material to their investments.</p><p>
</p><p>Last month government laid regulations which, from October 2019, will require
trustees of occupational pension schemes to set out how they take account of climate
change and other risks that are material to their investments.</p><p> </p><p>The Financial
Conduct Authority will consult in the first quarter of 2019 on a rule change to require
the Independent Governance Committees of workplace personal pension schemes to report
on their firm’s policy on evaluating financially material considerations, including
climate change.</p><p> </p>
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