Retirement savings of millions of members could be hit with significant losses if pension providers do not step up action on climate risks, according to research. The report by ClientEarth and ShareAction, published 06 March, found those affected would include members signed up under auto-enrolment (AE), and most at risk would be those in a defined contribution...
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 .