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943407

	registered interest
	date	17/07/2018
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Pension Funds: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to issue any guidance to pension fund trustees to encourage them to invest in green assets without breaching their fiduciary duty; and if so, when.
	tabling member printed	Lord Teverson
	uin	HL9619
	answer	answer is ministerial correction date of answer 24/07/2018 answer text <p>The Government does not seek to encourage or direct pension schemes to invest in any particular class of assets. However, it does want to support pension fund trustees to be clear about their responsibilities when making investment decisions and to remove any uncertainty caused by the current regulations.</p><p> </p><p>The 2017 Law Commission report ‘Pension funds and social investment’ found that some trustees are confused about their fiduciary duty to consider the long-term sustainability of investments. The Government agrees it should clarify that trustees have a duty to consider risk and opportunities in the long-term, including those arising from environmental, social, governance and climate change considerations. We have consulted on regulatory changes which, subject to the outcome of the consultation and Parliamentary approval, will make this clarification with effect from 1 October 2019.</p><p> </p><p>Following the changes we anticipate that The Pensions Regulator will update existing Codes and guidance for trustees.</p> answering member printed Baroness Buscombe question first answered 24/07/2018 09:48:32 answering member 3349 label Biography information for Baroness Buscombe
	tabling member	3789 label Biography information for Lord Teverson

806371

	registered interest
	date	13/12/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	State Retirement Pensions: British Nationals Abroad
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what decisions they will take on the post-Brexit indexing of UK pensions paid to UK citizens resident in the EU, following their interim agreement with the EU on citizens' rights.
	tabling member printed	Lord Teverson
	uin	HL4169
	answer	answer is ministerial correction date of answer 20/12/2017 answer text <p>We have now reached agreement with the EU to maintain State Pension up-rating for those covered by the Withdrawal Agreement. For UK State Pension recipients living in the EU on the specified date this includes those who are already receiving their UK State Pension as well as future UK State Pension recipients. We will wish to discuss State Pension up-rating for individuals not covered by the Withdrawal Agreement in future talks.</p> answering member printed Baroness Buscombe question first answered 20/12/2017 11:55:18 answering member 3349 label Biography information for Baroness Buscombe
	tabling member	3789 label Biography information for Lord Teverson

750580

	registered interest
	date	11/07/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Trade: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government whether they will continue to increase annually the state pensions of UK citizens living in EU member states once the UK has withdrawn from the EU.
	tabling member printed	Lord Teverson
	uin	HL712
	answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>In its publication: The United Kingdom’s Exit from the European Union: Safeguarding the Position of EU Citizens Living in the UK and UK Nationals Living in the EU of 26 June 2017, the Government has set out its offer, at paragraph 44, to continue to export and uprate the UK State Pension within the EU, subject to reciprocity.</p><p> </p><p>The Government wishes to reach a reciprocal agreement as quickly as possible to provide as much certainty as possible to the three million EU citizens in the UK and around one million UK nationals in Europe and for their lives to continue broadly as now.</p> answering member printed Baroness Buscombe question first answered 25/07/2017 10:08:40 answering member 3349 label Biography information for Baroness Buscombe
	tabling member	3789 label Biography information for Lord Teverson