AREF News

The FCA have published guidance on their anti-greenwashing rule. More details can be found here.

Find out more here about the FCA's Sustainability Disclosure Requirements (SDR) and investment labels regime.

Find out more about the policy work being undertaken by governments, regulators and standard setting bodies in relation to sustainable finance and climate-related disclosures.

In April 2024, AREF responded to the Government's consultation on the treatment of DB scheme surpluses and a model for a public sector consolidator. This consultation followed on from the Government's call for evidence in 2023 on how DB schemes could use their assets more flexibly. Click here for more details.

AREF, along with BPF, IPF and INREV responded to PRA's consultation on reforms to the Matching Adjustment. In April 2024, the PRA published clarification in respect of the consultation to assist relevant insurance firms to prepare for implementation of the matching adjustment reforms expected in June 2024. More details can be found by clicking here.

The Transition Plan Taskforce are producing guidance for preparers and users of climate transition plans, including Asset Managers and Asset Owners. More details can be found here.

In the Spring Budget 2024, the Government published its response to the consultation on the proposed introduction of an unauthorised co-ownership contractual scheme, the Reserved Investor Fund (RIF). AREF is delighted that the Government will begin to legislate for the RIF in the Spring 2024 Finance Bill. The Government is planning to engage further with stakeholders on the policy design for the RIF, particularly the tax rules.

AREF has responded to the consultation from the Basel Committee on Banking Supervision on the Disclosure of climate-related financial risks

Find out here more about the legislative changes the Government are making from 6 April 2024 to reform the Construction Industry Scheme.

Find out more about the review of the ELTIF regulations here

AREF member funds outperformed the UK GRESB benchmark in 2023 by 3 percentage points with a score of 76%.

The UK Government have consulted on improving transparency of land ownership when trusts are involved in the ownership structure. AREF responded to this consultation. More details can be found here.

Find out more here about the Government's work to enable DC pension schemes to invest in illiquid assets. Also, there are links to guidance from TPR and cases studies from PLSA which supports this and AREF's own lobbying to the Government on this matter.

The Government are implementing a Building Safety Levy. Click here for more details.