Could ESG improve scheme engagement?

Industry Voice: A major survey carried out by Aegon shows pension savers care deeply about climate change and the environment
Aegon’s recent survey of around 10,000 UK residents shows that most pension investors care deeply about the environment and their world’s future. It also suggests that the more someone’s investments are helping the climate emergency, the more likely they are to be happy about their investments and be better engaged with their pension arrangements. But too many customers remain unaware of how and where they’re invested.

Pension funds are becoming increasingly important in the fight against the climate emergency, driven by growing demand from customers and regulatory change, making environmental, social and governance (ESG) criteria increasingly influential for pension investments.

Our survey shows these changes offer an opportunity to encourage more meaningful connections between employees and their workplace pension savings, improving their financial wellbeing in the process. To do so, employees need better support to help them understand the role their savings can play in supporting a fairer, more sustainable society and, by delivering this, employers and providers could improve scheme engagement.

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