• About Us
  • Professional Trustees
    • Professional Trustees
    • Chair of Trustees
    • Co-Trustee
    • Sole Trusteeship
  • Our Services
    • Our Services
    • DB Pension Schemes
    • DC Pension Schemes & DC Master Trusts
    • Investment & Funding Strategy
    • Master Trust Transition
    • Pensions Manager
    • Project Management
    • Regulatory
    • Relationship & Conflict Management
    • Risk Transfer
    • Scheme Discontinuance
    • Scheme Secretary
    • Transactions & Restructuring
  • Our Team
  • Case Studies
  • News & Views
  • Careers
  • Useful Links
  • Contact Us
Telephone
T: +44 (0)20 4599 7299
E: info@rosstrustees.com
Search
Ross Trustees

Insights

Good COP, bad COP? Three takeaways on #Cop26

16 November 2021

Good COP, bad COP? Three takeaways from our investment lead

  1. Leaving aside the question of whether the final deal should be deemed a success or just ‘blah, blah, blah’, the direction of travel for UK pension funds seems clearer than ever. Trustees can expect more scrutiny on their asset allocation decisions and on the quality of their stewardship. Larger schemes are already caught by TCFD but smaller schemes may want to take proactive steps in anticipation of the TCFD regime ultimately being broadened.
  2. Greater pressure is likely to be placed on investment managers to provide relevant data, and on advisers to ask the right questions. Meaningful and durable partnerships between trustees and advisers will be key to ensure portfolios are positioned appropriately to mitigate both direct risks of climate change, transition risks and implications for covenant. Fiduciary managers are arguably a beneficiary, particularly those managers who can utilise benefits of scale to exert leverage on managers or offer a more bespoke approach for clients.
  3. A more philosophical question for trustees, and the pensions industry as a whole, is whether TCFD and particularly the requirement to set targets around carbon has effectively modified the traditional risk and return framework for pension funds. We would all agree that climate change is ‘financially material’, but recent events have shown that this materiality cuts both ways. Is it acceptable for advisers to advocate a tactical allocation to oil and gas in anticipation of the supply squeeze in commodities? Arguably not.

Read the full article here.

This article was first published in IFA Magazine, November 2021

KEY CONTACT

Pavan Bhardwaj

Trustee Director

M  +44 (0)7384 258 671  /   Email me

WHAT'S NEW?

15 Dec 2022

Happy birthday…to us!

We spoke to three of our most long-standing employees.

READ MORE

06 Dec 2022

Recruitment challenges leave large employers at risk from pensions management skills gap

In-house pensions managers are a crucial but often overlooked role within a company.

READ MORE

21 Nov 2022

Ross Trustees secures trio of strategic hires

Three new hires join Ross Trustees.

READ MORE

QUICK LINKS

  • About Us
  • Professional Trustees
  • Our Services
  • Team
  • News & Views
  • Careers
  • Useful Links
  • Contact Us
  • Data Privacy
  • Diversity & Inclusion
  • Terms & Conditions
  • Modern Day Slavery Statement

ADDRESS

Westgate House
9 Holborn, London
EC1N 2LL

CONTACT

T: +44 (0)20 4599 7299
E: info@rosstrustees.com

LinkedIn

Ross Trustees Services Limited (company registration number 07904277) and Ross Corporate Services Limited (company registration number 07104969) are registered in England and Wales.
Registered offices are at Westgate House, 9 Holborn, London EC1N 2LL

Copyright © 2023 Ross Trustees Services Limited & Ross Corporate Services Limited. All Rights Reserved.

We are audited annually by the Audit and Assurance Faculty (AAF) and are currently AAF 02/07 accredited.

NEWSLETTER

Join our mailing list

  • When you submit this form, the personal data provided will be used to respond to your query and to provide information to you about what we do and how we do it. We will hold the personal data you provide securely and may send you information in the future about our services. You will always have the opportunity to opt out of receiving any further communications from us.

    If you wish to know more about how we process your personal data and understand your rights, please see our Data Privacy statement.