A perceived lack of coordination across government departments on transition plan policy in the UK is causing confusion among pension schemes, according to one of the country’s main pension fund bodies. “We would welcome the government establishing a cross-departmental taskforce or coordination mechanism to ensure coherence,” said Pensions UK in its response to a consultation on requirements for investors and companies to publish climate transition plans. “This is a crucial point for pension schemes, which are long-term investors with fiduciary duties, and for whom the effectiveness of climate disclosures is not just about transparency, but rather meaningful action,” added the industry body. “It must be clearer how the transition plans requirements form part of the wider climate reporting landscape, and what changes, if any, we can expect to see to other parts of that landscape to ensure that the introduction of transition plans is effective and meaningful,” Pensions UK wrote. Last month, the Financial Conduct Authority said that it planned to streamline its sustainability reporting framework for asset managers, contract-based pension providers and insurers.