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Climate Risk vs Pension Pause | London News

Climate Risk vs Pension Pause | London News

Published 3 weeks ago
Description

Kensington and Chelsea Council is under legal fire after deciding to pause pension contributions for three years, citing strong fund performance — but environmental lawyers ClientEarth argue the council ignored critical climate risks that could devastate long-term returns. The High Court case challenges whether the council and its actuary met public law standards in assessing climate-related financial threats, warning that ignoring these risks could have catastrophic consequences for pensioners’ futures. This landmark case may set a precedent for how public bodies must legally account for climate change in financial planning — with far-reaching implications for pension security and responsible governance.

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