Session 2013 - 14
Internet Publications
Other Bills before Parliament
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| | Schedule 16, page 88, line 38, at end insert— |
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| | | ‘(c) | the ability of the scheme to generate sustainable investment returns.’. |
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| | | Sustainability of private pensions: review of implications of climate change and natural |
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| | To move the following Clause:— |
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| | | ‘(1) | The Secretary of State shall commission an independent review of the |
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| | | implications of climate change and natural resource constraints for the |
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| | | sustainability of private pensions. |
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| | | (2) | In particular, the review must consider the implications for long-term investment |
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| | | outcomes for members of work-based pension schemes of potential— |
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| | | (a) | systemic risks posed by high levels of exposure to fossil fuels and other |
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| | | (b) | economic and physical impacts of climate change under various climate |
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| | | mitigation scenarios; and |
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| | | (c) | constraints on the availability of non-renewable resources. |
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| | | (3) | In subsection (2)(c), “non-renewable resources” includes food, water, land and |
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| | | (4) | A report of the review’s findings, including recommendations to government, |
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| | | must be laid before Parliament no later than 30 October 2014. |
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| | | (5) | The government must lay before Parliament its reponse to the review’s |
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| | | recommendations no later than 30 January 2015.’. |
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