Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what progress the Financial Markets and Law Committee’s working group is making on reforming the guidance on fiduciary duty for pension trustees.

Government continues to work with the Financial Markets and Law Committee’s (FMLC) working group to review how best to clarify fiduciary duty, particularly in relation to climate change. The FMLC working group is independent from government. DWP looks forward to the publication of the group’s final report.