healthcare providers that do not address the risks posed by climate change could cause significant losses to members ' retirement savings plans , warned a report by ClientEarth and ShareAction . They said people at most risk include those in auto - enrolment schemes and in a defined contribution default fund . " The tens of thousands of savers could be seriously impacted if the Financial ##urance scheme does not step up … we are concerned that its failure to require providers to consider and manage climate risk could amount to a serious reduction in its duty to savers , " warned lawyer Joanne Etherton at ClientEarth .
Pension providers that do not address the risks posed by climate change could cause significant losses to members' retirement savings plans, warned a report by ClientEarth and ShareAction. They said people at most risk include those in auto-enrolment schemes and in a defined contribution default fund. "The pensions of millions of savers could be seriously threatened if the Financial Conduct Authority does not step up … we are concerned that its failure to require providers to consider and manage climate risk could amount to a serious underperformance in its duty to savers," warned lawyer Joanne Etherton at ClientEarth.