NILGOSC is delighted to have joined 27 other schemes and pools, representing more than £550 billion in pension assets, in becoming inaugural members of the Occupational Pensions Stewardship Council (OPSC).
The OPSC officially launched on 8 July 2021, ushered in by a virtual event and workshop attended by representatives from each of the 28 schemes, as well as regulators including the Department for Work and Pensions (DWP), the Financial Reporting Council, the Financial Conduct Authority and The Pensions Regulator. Closing remarks were made by the Economic Secretary to the Treasury, John Glen MP.
Established by the DWP in response to the Asset Management Taskforce’s 2020 recommendation that a ‘dedicated council of UK pension schemes should be established to promote and facilitate high standards of stewardship of pension assets’, the OPSC aims to provide schemes with an independent forum for sharing experiences, best practice and research, as well as providing practical support. The council hopes to enable collaborative stewardship opportunities for schemes, in areas such as shareholder resolutions, climate change and corporate governance.
NILGOSC looks forward to continuing working with other pension funds to enable and encourage best practice in active stewardship.
More information, as well as a list of the other Council members, can be found at: Greater stewardship sets course for a greener future – GOV.UK (www.gov.uk)