Our sustainability strategy sets out how we aim to lead by example in Diversity & Inclusion and outlines our commitment to being Disability Confident Leader. Here are some of our achievements to date.
We manage environmental, social and governance (ESG) risks to protect�and enhance the value of our investments. By acting as a responsible and vigilant asset owner and using our influence as a major institutional investor, we encourage�best practice from the top down and bottom-up. �We believe it�s vital we demonstrate a robust and effective approach to RI, and we see the integration of material ESG issues as an essential part of the investment process.�
Climate change is one of the biggest issues on the global agenda. One that has the potential to impact businesses, economies and people everywhere. We�re actively looking to manage the impact of climate change and its related risks and opportunities through our investment approach. We're committed to:
From time to time we consult on possible changes to our actuarial assumptions. You can find details of those consultations and their findings here. 2023 consultation on assumptions We are holding a six-week consultation on possible changes to the actuarial assumptions used for valuations carried out under section 143 and section 179 of the Pensions Act 2004.
Pension Lifetime Allowance� The lifetime allowance (LTA) is the limit on how much you can build up in pension benefits over your lifetime while still receiving full tax benefits. The LTA is currently set at �1,073,100; if your pension pots go over the allowance, you�ll usually pay a charge.� Now the compensation cap is being removed; some members may be liable to pay a lifetime allowance charge on their PPF benefits.�
Get a brief overview of how our assessment process works and learn about the key stages in the journey.
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