Asked by: Baroness Hayman (Crossbench - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government what plans they have to discuss with the Pensions Regulator how to incorporate into regulator guidance the conclusions of the Financial Markets and Law Committee’s paper, Pension fund trustees and fiduciary duties, published on 6 February.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government welcomes the work of the Financial Markets Law Committee’s working group. Working with the Pensions Regulator, we will look closely at what insights we can draw from their report as we gather further evidence on how trustees are considering ESG factors in their approach to investment in the interests of their members.
This report is a useful resource for trustees, but we are keen to hear views from across the pension sector and wider stakeholders as to what further clarification, or guidance, if any, is needed. We plan to do this starting with a series of roundtable events this spring.
Asked by: Baroness Hayman (Crossbench - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, further to the remarks by Lord Callanan on 28 November 2023 when he stated that "we are reviewing our membership ... I am sure that we will want to act as quickly as possible" (HL Deb col 1018), when they intend to reach a decision about withdrawing from the Energy Charter Treaty.
Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government is considering the views of stakeholders in business, civil society, and Parliament and will inform Parliament of the outcome in due course.