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Climate change the potential impact on pension schemes in the UK

Bibliographic Details
Main Author: Kanaplitskaya, Veranika
Publication Date: 2022
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/26896
Summary: Mestrado Bolonha em Actuarial Science
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network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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spelling Climate change the potential impact on pension schemes in the UKPension SchemesDefined BenefitDefined ContributionClimate change riskClimate MetricsTask Force on Climate-Related Financial DisclosuresScenario ModellingMestrado Bolonha em Actuarial ScienceThe climate emergency is a significant challenge for society and will likely affect us all in multiple ways for many years. It is a global, systemic risk affecting every part of the economy. Trustees and sponsors of pension plans should consider the importance of the risk in their pension schemes and understand the role they are playing in responding to the challenge, as they are crucial long-term investors and major participants in the financial system. Dealing with climate risk will cause many long-term changes: in the governance of the pension scheme, their investment decisions, funding, member engagement, covenant, and other areas where trustees are responsible. However, environmental change is not only about risk management: there are also opportunities. Taking action with regard to climate issues will bring real benefits in terms of better risk-adjusted returns, improving the security of members’ benefits, access to new assets, and many others. In this report, the process of how climate risk impacts UK Pension Schemes will be explored, what opportunities it brings and why it is crucial to managing the risk. Four possible climate change scenarios are analyzed, and their impact on assets, liabilities, and funding levels is studied. Although the work I performed in Willis Towers Watson was not directly related to the climate change risk, I was interested in this hot topic, as climate change is on today´s agenda not only for pension scheme trustees and sponsors but also for society as a whole.Instituto Superior de Economia e GestãoFrança, RenatoSimões, OnofreRepositório da Universidade de LisboaKanaplitskaya, Veranika2023-07-01T00:30:23Z2022-102022-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/26896engKanaplitskaya, Veranika (2022). “Climate change the potential impact on pension schemes in the UK". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T15:29:32Zoai:repositorio.ulisboa.pt:10400.5/26896Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T03:45:02.869647Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Climate change the potential impact on pension schemes in the UK
title Climate change the potential impact on pension schemes in the UK
spellingShingle Climate change the potential impact on pension schemes in the UK
Kanaplitskaya, Veranika
Pension Schemes
Defined Benefit
Defined Contribution
Climate change risk
Climate Metrics
Task Force on Climate-Related Financial Disclosures
Scenario Modelling
title_short Climate change the potential impact on pension schemes in the UK
title_full Climate change the potential impact on pension schemes in the UK
title_fullStr Climate change the potential impact on pension schemes in the UK
title_full_unstemmed Climate change the potential impact on pension schemes in the UK
title_sort Climate change the potential impact on pension schemes in the UK
author Kanaplitskaya, Veranika
author_facet Kanaplitskaya, Veranika
author_role author
dc.contributor.none.fl_str_mv França, Renato
Simões, Onofre
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Kanaplitskaya, Veranika
dc.subject.por.fl_str_mv Pension Schemes
Defined Benefit
Defined Contribution
Climate change risk
Climate Metrics
Task Force on Climate-Related Financial Disclosures
Scenario Modelling
topic Pension Schemes
Defined Benefit
Defined Contribution
Climate change risk
Climate Metrics
Task Force on Climate-Related Financial Disclosures
Scenario Modelling
description Mestrado Bolonha em Actuarial Science
publishDate 2022
dc.date.none.fl_str_mv 2022-10
2022-10-01T00:00:00Z
2023-07-01T00:30:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/26896
url http://hdl.handle.net/10400.5/26896
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Kanaplitskaya, Veranika (2022). “Climate change the potential impact on pension schemes in the UK". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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