Fiduciary Managers Must Improve ESG Approach, Study Says

By Irene Madongo (July 25, 2022, 7:46 PM BST) -- Pension scheme trustees should assess their fiduciary manager's approach in areas such as climate change, a consultancy said, after its study found that one in 10 don't have the capability to report their carbon footprint.

XPS Pensions Group said on Friday that it's becoming increasingly important for scheme members to have a retirement plan that is aligned with environmental, social and governance goals, but some fiduciary managers still display shortcomings in this area.

Fiduciary managers are delegated by trustees and are typically responsible for the decisions related to a retirement plan's assets and liabilities.

The consultancy said it ran a survey...

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