New guidance from the regulator says that pension scheme trustees should “be vigilant and talk to … advisers about any action which you may need to take, depending on your scheme’s investment, risk management or employer covenant exposures”. Trustees should also consider “any action you may need to take – including in relation to investments – to align with sanctions announced by the UK government”.
The areas the Pensions Regulator expects trustees to consider include:
The guidance also says that trustees should:
Trustees should consider this guidance and discuss it with their scheme advisers. The Pensions Regulator is also inviting trustees to engage with them and them to understand the impact of the conflict on pension schemes.