The Pensions and Lifetime Savings Association (PLSA) has today (Tuesday) responded to a report released by the Government’s industry taskforce on social impact investment, led by Elizabeth Corley.
The taskforce’s final report explores how the savings, pensions and investment industries, with the support of government, can engage with individual investors to enable them to support more easily the things they care about through their savings and investment choices.
Commenting on the report Caroline Escott, Policy Lead: Investment & Defined Benefit, PLSA, said:
“We are pleased to see the Government committing to support this initiative, and championing businesses and industries that excel in social impact investing. Impact investing is the fastest-growing area of responsible investment. With their long-term investment goals and £2.2tn of assets under management, pension schemes are particularly well placed to have a positive impact on the economy and society through their investments.
“It’s encouraging the Government is focused on supporting trustees in considering the broader environmental and social impacts of their investments. We now look forward to the launch of the Department for Work and Pensions’ consultation next week, which looks to clarify rules around social impact and Environmental, Social and Governance (ESG) investing, making it simpler for pension funds to invest in line with their members’ beliefs.”
NOTES TO EDITORS
As highlighted in the new report the PLSA has previously published a Made Simple Guide on impact investing to help pension schemes better understand the issue.
1 Global Sustainable Investment Alliance, GSIA
ABOUT THE PENSIONS AND LIFETIME SAVINGS ASSOCIATION
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.
Robyn Margetts, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073023, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007 713, E: [email protected]