As part of our commitment to sustainability, Utmost Life and Pensions, along with all the other insurers in the Bulk Purchase Annuity market, has signed up to the Sustainability Principles Charter for the bulk annuity process (established by A4S).
The four charter principles are:
- Transparency – transparency of values, principles and investment beliefs in relation to sustainability, as well as ongoing commitments that may guide future policy and practice affecting sustainability approaches.
- Decision making – evidence and understanding of how sustainability considerations are incorporated into investment analysis and decision-making processes and investment stewardship activity.
- Reporting and engagement – reporting to and engagement with pension members (for buy-out) and trustees (for buy-ins) on sustainability commitments beyond the point of transaction.
- Collaboration – commitment to ongoing engagement across the pension sector as responsible investment best practice evolves.
Utmost Life and Pensions is committed to working with the other signatories in this group to share best practice and to ensure these principles are embedded into our business.
More information about the charter and the progress to date can be found at the Accounting for Sustainability website.
