Home / Pensions

Legal News

TPR issues first climate change reporting fine

Copyright © 2025 LexisNexis

Published on: 28 September 2023

Published by LNB News

LNB News 28/09/2023

Document Information

Issue Date: 28 September 2023

Published Date: 28 September 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Pensions Regulator (TPR) has announced that it has issued a £5,000 fine to ExxonMobil Pension Plan (Exxon) and published a regulatory intervention report after Exxon failed to comply with climate change reporting regulations. Under the new regulations developed in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, schemes are required to publish their climate change report on a website accessible to savers so they are assured trustees are considering climate risks and opportunities in its decision-making. Failure to do so by the set deadline, as with Exxon, will result in the scheme being named in TPR compliance and enforcement bulletin.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an