Kaisie Rayner: Time to unlock pension innovation on climate change risk

Following widespread lobbying from across the industry, the Financial Conduct Authority (FCA) has announced it will embark on a consultation in the first quarter of 2019 as a prelude to issuing formal guidance on incorporating climate change risk into pension investment strategy. This is a positive development and the FCA must now move swiftly from consultation to guidance in order to unlock innovation in the pensions sector and enable a transition to a low-carbon economy in line with the Paris Agreement ambitions. As a major UK pensions company investing billions of pounds on behalf ...