On the go: The Financial Conduct Authority has expressed its support for the regulation of environmental, social and governance data and ratings agencies after consulting the industry.

On the go: Accounting for Sustainability and the Employer Covenant Practitioners Association have teamed up to launch a ‘top tips’ guide for considering environmental, social and governance risk in the employer covenant process, hailed by the Pensions Regulator chair Sarah Smart as “an important first port of call for trustees”.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a new climate change report for actuaries, Smart Pension announcing a net zero target for 2040, and savers supporting the government’s push for greener pensions.

This week – trustees warned about ‘truly’ imminent dashboards deadline, the cost of discretionary pension increases soars to £18bn, the ABI calls for the minimum auto-enrolment contribution level to be raised to 12 per cent, and another initiative is launched to encourage people to make greener pension choices.

On the go: Smart Pension, Aviva and Hargreaves Lansdown will be encouraging members to learn more about making greener pension choices under a new trial.

As the first group of UK schemes are completing their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.

Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.