| Guvnor

Enforced by: TPR
Status: In Force
Penalty ceiling: Prosecution 1 of 24 obligations carry a fine up to £50,000. 23 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trustee22 Any Person1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trustee — also bound by 120 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 40 duties

Charities Act 2011 27 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025 24 duties

Charities Act (Northern Ireland) 2008 22 duties

Any Person — also bound by 2679 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introduction

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.001 Citation, commencement and extent

Part 2

Climate Change Governance and Reporting

4 of 5 sections shown

s.003 Climate change governance etc. requirements Regulated

Trustees must comply with climate change governance and reporting dutiesTrustee

s.004 Climate change governance etc. requirements: authorised master trust schemes Regulated

Comply with climate change governance and reporting requirementsTrustee

s.005 Climate change governance etc. requirements: authorised collective money purchase schemes Regulated

Comply with climate change governance duties for your pension schemeTrustee

s.006 Climate change reporting and publication requirements Regulated

Pension scheme trustees must produce and publish a climate change reportTrustee

1 other section in this Part — procedural and definitional

s.002 Interpretation

Part 3

Compliance

2 of 9 sections shown

s.009 Penalty notices Prosecution

Fail to comply with pension scheme climate reporting dutiesAny Person

Fine up to £50,000

s.010 Penalty notices: recovery Regulated

Other duties (1) — Crown / regulator

TPR must pay recovered penalties into the Consolidated FundStatutory regulator

7 other sections in this Part — procedural and definitional

s.007 Compliance notices

s.008 Third party compliance notices

s.011 Penalty notices: recovery from bodies corporate and Scottish partnerships

s.012 Review of notices

s.013 References to the First-tier Tribunal or Upper Tribunal

s.014 Service of notifications and other documents

s.015 Service by electronic means

s.001 Trustees must establish and maintain oversight of the climate-related risks... Regulated

Oversee climate-related risks and opportunities in your pension schemeTrustee

s.002 Trustees must establish and maintain processes for the purpose of... Regulated

Trustees must check scheme governance providers manage climate riskTrustee

s.003 Trustees must, on an ongoing basis, identify climate-related risks and... Regulated

Identify climate-related risks and opportunities affecting your pension scheme's strategiesTrustee

s.005 Trustees must, on an ongoing basis, assess the impact of... Regulated

Trustees must assess climate risk impacts on investment and funding strategiesTrustee

s.006 Trustees must, as far as they are able, undertake scenario... Regulated

Undertake climate scenario analysis under two temperature pathsTrustee

s.010 Trustees must, in each scheme year except the first scheme... Regulated

Review climate scenario analysis each scheme yearTrustee

s.011 Where— (a) the trustees have determined in accordance with paragraph... Regulated

Trustees must undertake new climate scenario analysis when requiredTrustee

s.012 Trustees must establish and maintain processes for the purpose of... Regulated

Trustees must establish and maintain climate risk identification and assessment processesTrustee

s.013 Trustees must establish and maintain processes for the purpose of... Regulated

Establish climate risk management processes for your pension schemeTrustee

s.014 Trustees must ensure that the processes required by paragraphs 12... Regulated

Integrate climate change governance processes into scheme risk managementTrustee

s.015 Trustees must in the first scheme year in respect of... Regulated

Select climate change metrics for your pension scheme assetsTrustee

s.016 Trustees must from time to time, as appropriate to the... Regulated

Review selected climate change metrics periodicallyTrustee

s.017 Where, following a review in accordance with paragraph 16, the... Regulated

Replace a selected climate metric with a same-type replacement when appropriateTrustee

s.018 Subject to paragraph 19, trustees must in each scheme year,... Regulated

You must measure your pension scheme's emissions and assess climate risksTrustee

s.019 Trustees must in each scheme year, as far as they... Regulated

Calculate your scheme's portfolio alignment metric and assess climate risks annuallyTrustee

s.020 Trustees must in each scheme year, as far as they... Regulated

Calculate your additional climate metric and assess climate risks each yearTrustee

s.023 Trustees must in each scheme year, including the first scheme... Regulated

Measure pension scheme climate performance and review targets annuallyTrustee

s.024 Where trustees have determined in accordance with paragraph 23(b) that... Regulated

Set new climate targets when replacing old onesTrustee

10 other provisions

s.004 For the purpose of paragraph 3, the time periods which...

s.007 For the purposes of paragraph 6, the matters are—

s.008 The scenario analysis required by paragraph 6 must be undertaken—...

s.009 For the purposes of paragraph 8(a), trustees may rely on...

s.019 In the first scheme year in respect of which the...

s.021 For the purposes of paragraphs 18 , 19A and 20...

s.022 Trustees must in the first scheme year in respect of...

s.025 Where this Part provides that trustees must meet a requirement...

s.026 In this Part— “absolute emissions metric” means a metric which...

s.027 A statement describing— (a) how the trustees maintain oversight of...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.