While supporting the net-zero transition is admirable, pension savers deserve clarity on how this impacts their retirement outcomes, especially when funds are being directed away from the kinds of assets that have historically driven the highest returns. 5/5

Instead, they often prioritise long term infra projects that may take years to deliver meaningful financial gains. There’s also no clear explanation of how private market assets (less liquid and harder to value) will contribute to stronger performance compared with a trad equity-heavy approach. 4/

For members aiming to maximise pension growth, especially those in their 50s with limited time left to retirement, this shift raises valid questions. Impact-driven investments can sometimes mean less exposure to high-return sectors such as technology or emerging markets. 3/

Aside from the positive language around sustainability and "impact", there is a noticeable lack of detail in the deal statement about what kind of financial returns members can realistically expect from this allocation — or how long they might have to wait to see them. 2/

Thanks Mike! Will be posting here more often on pensions and other topics that I am now covering.

corporate-adviser.com/tpr-outlines...