Decarbonising Pensions

Part of 3. Questions to the Senedd Commission – in the Senedd at 3:23 pm on 8 June 2022.

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Photo of Elin Jones Elin Jones Plaid Cymru 3:23, 8 June 2022

(Translated)

The support staff pension scheme is run by Aviva. The Commission is not involved in deciding how the assets are invested. Decisions on the investments of support staff pensions rests with Aviva’s specialist investment advisers, who engage with companies on environmental, social and governance issues. Support staff can also select the funds in which to invest.

The civil service pension scheme, which is available to Commission staff, is an unfunded scheme and therefore has no assets to invest. Benefits are paid from tax revenues rather than from assets set aside to pay them.