Tue 17 Jan 2023 - Climate change is a major challenge for society, with the potential to affect all pension schemes in multiple ways. When advising clients, legislation, regulation and other market pressures increasingly require climate change to be considered. But while ESG is a familiar consideration in the investment area, pension scheme actuaries may be less familiar with thinking about climate change when speaking to trustees and employers.
In this webinar we will explore the various ways pensions actuaries have a role to play in relation to climate considerations. This will include sharing expectations of trustees, understanding potential impacts on key assumptions (such as mortality), the importance of working with other advisers (especially covenant advisers), and how a scheme actuary can help bring it all together.
Key terms will be explained and you don’t need to be a climate expert to attend.
Mike Clark runs a responsible investment advisory business and focuses on climate change, finance and systemic risk (in two flavours). He was a member of TPR’s Transition Plan Working Group and co-author of the resulting Transition Planning Code, not endorsed by TPR at the time of writing. He views tipping points in financial markets as a near-certainty. What is the actuarial response? He is interested in the future of actuarial practice, a practice which may assume too often the system is stationary. Historical frequencies can systemically understate future risk. He is minded to advocate for the insurance industry to be mandated to invest, alongside government, in SRM (Solar Radiation Modification) research.