Part 5: Further provision relating to pension schemes Climate change risk Section 124: Climate change risk
Section 124 inserts new sections into Part 1 of the Pensions Act 1995 (Occupational Pensions). The new sections confer powers on the Secretary of State to make regulations with a view to securing that there is effective governance of occupational pension schemes with respect to the effects of climate change, to require publication of information relating to the effects of climate change, and to secure compliance with the governance and publication requirements imposed in regulations.