SPP: Climate and dashboards top the priority list
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Climate risk and the roll-out of the pensions dashboards, due to start in April next year, are the two highest priorities over the next 12 months for members of the Society of Pension Professionals.
A survey of SPP corporate members showed that just under a third (29%) said climate change is the top priority over the next year, with 21% also considering it a top priority over the next three to five years. A quarter of those surveyed saidbroader development and the embedding of environmental, social and governance factors are most important in the longer term.
Similarly, 29% of respondents wanted the government to focus on the pensions dashboards project, due to start onboarding funds in April next year, over the next 12 months. Three in five (61%) also believed the dashboards would be policymakers’ priority over the next three to five years.
“Climate change not only poses a grave threat to the planet, it also threatens the financial returns for pension funds. And at an industry level, it is clear from our survey that the roll-out of the pensions dashboard is equally as important to pension professionals as addressing the climate crisis over the next year," said SPP president James Riley.
“Climate change not only poses a grave threat to the planet, it also threatens the financial returns for pension funds. And at an industry level, it is clear from our survey that the roll-out of the pensions dashboard is equally as important to pension professionals as addressing the climate crisis over the next year," said SPP president James Riley.
The survey also found that one in five members (21%) saw the implementation of recommended auto-enrolment reforms as their highest priority over the next 12 months.
On a more long-term basis, two in five (43%) SPP members put improving DC outcomes as the top priority for the government and policymakers over the next three to five years.
A third (32%) of members want to see action in the tax system over the next three to five years, though only 11% believed government and policymakers would actually address pension tax reform.
On a more long-term basis, two in five (43%) SPP members put improving DC outcomes as the top priority for the government and policymakers over the next three to five years.
A third (32%) of members want to see action in the tax system over the next three to five years, though only 11% believed government and policymakers would actually address pension tax reform.
