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Audiences - large schemes and master trusts - Coggle Diagram
Audiences - large schemes and master trusts
Advisers
Asset managers
Actuaries
Scheme professionals
Professional firms
Objectives
Build products? Green Pot - advisers help trustees set up green pot.
Manage clients
Prioritise the important tasks
Avoid enforcement
Avoid supervision
Build and integrate processes
Audience objectives
Build a USP - specialist in climate change
Resources
Stakeholder engagement by TPR
Stakeholder research by DWP
Use personas by TPR (and Brooke) research
Ask Jeremy Speechley
Georgina's survey results
Expression on needs (stakeholder consultations)
Stakeholder concerns
What is adequate/essential
What is inadequate
Examples of how to embed TCFD recommendations
Understand approach to assessment syupervision
How will TPR exercise discretion
What good looks like
Guidance on when they will impose penalties
Attitude to iterative process of improvement
Understand approach to enforcement
Incorporation into existing codes
Find out how to obtain knowledge
Training in TCFD/risk management/specific climate change
Is supervision 1-2-1 or bespoke TCFD
What will result in discretionary penalties
A reasonable timeframe for adoption
Sharing best practice
Training/how to
Examples of how to embed TCFD recommendation
Training modules
Examples of good
Areas of interest
Strategy
Risk management
Trustee knowledge
Reporting
Risk identification
Metrics and targets
User needs (fundamental)
Find out immediate legal obligations (must)
Governance and administration
Investment strategies
Find out TPR expectations (need to)
Good
Adequate
Find training
Find out how to prepare report
Access tools and examples
Find out TPR approach to enforcement
How to embed TCFD recommendations
Find out when TPR will impose penalties - discretionary penalties
Understand best practice
Build knowledge to make decisions e.g. RM
Developing the long-term skills/knowledge
Stewardship: questions about. Code being developed by the FRC
Submit SIP link
Governace
Trustees
Professional
Member nominated
Large DC schemes
Master Trusts
Large DB scheme
Objectives
Ensure compliance
Avoid supervision and enforcement
Build and integrate processes
Prioritise important tasks
Build on skills and expertise
Protect and enhance savers pots - through opps