The Pensions Regulator has published guidance asking trustees to identify direct and indirect exposure to AI across their schemes' assets. It expects scenario analysis to test resilience, and a check on whether diversification still holds if asset correlations shift in a downturn. The regulator says AI-linked companies now make up a substantial share of major stock indices, so even diversified portfolios may carry concentrated risk. Issued by the UK Pensions Regulator and directed at UK pension scheme trustees.
