All Diversity articles – Page 3
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PodcastsPodcast: Schemes’ trustees cannot ignore social factors risks
Podcast: Climate change and environmental issues are front of mind for many pension schemes right now, but with the Covid-19 pandemic highlighting social inequalities at home and abroad, the social aspects of ESG investment cannot be ignored. For this episode of the Pensions Expert podcast, we talk to Stefan Lundbergh, director at Cardano, and John Howchin, secretary-general of the Council on Ethics for Sweden’s national pension funds, about why socially aware investing is so important for pension funds of all sizes — and how trustees can go about taking action.
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NewsOpperman lauds ‘transformational’ climate requirements
Pensions minister Guy Opperman has lauded the government’s “utterly transformational” approach to climate reporting requirements, while promising legislation on “simpler statements” and the “statements season” in the near future.
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NewsInsurers called to protect trustees against GMP claims
The lack of statutory protection afforded to trustees means the insurance industry will have to shield these professionals against claims related to guaranteed minimum pension equalisation in cases where benefits are secured with annuity providers, legal experts have warned, while uncertainty about trustees’ obligations remains.
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NewsHymans Robertson joins impact investing community
On the go: Hymans Robertson has announced that it has joined the impact investing community, Pensions for Purpose.
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NewsSchemes challenge managers to tackle lack of diversity
On the go: Asset managers who wish to continue to work with some of the biggest pension schemes in the UK will have to disclose how they are targeting diversity or risk losing their business.
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NewsScot Wid revamps green fund, Fidelity tackles climate and diversity
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Scottish Widows investing in green UK business via its new environmental fund, and Fidelity's new policies on climate change and diversity.
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NewsPASA launches GMP conversion guidance
The Pensions Administration Standards Association has published guidance on guaranteed minimum pension conversion for trustees striving to achieve GMP equality, providing examples of approaches that have been adopted or considered by “early movers”.
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NewsCovid-19 pressures accelerate rate of DB scheme closures
On the go: Analysis by the Pensions Policy Institute, sponsored by the Trades Union Congress, has shown that the pressures of the coronavirus pandemic have accelerated the rate of defined benefit scheme closures, but member outcomes are far less reliable in defined contribution schemes.
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NewsNearly a third of Gen Xers have inadequate pension savings
Almost one in three Generation Xers — individuals aged between 41 and 56 — have inadequate pension savings and face a minimum-at-best standard of living in retirement, according to research by the International Longevity Centre and Standard Life.
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NewsTPR looks to increase diversity on trustee boards
On the go: The Pensions Regulator is implementing a new diversity and inclusion strategy, which has been developed in discussion with the pensions industry, and is expecting schemes to follow suit.
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NewsSchemes urged to hire independent trustees for better governance
On the go: Pension schemes should appoint an independent professional trustee that can help navigate the increasing complexity and risk involved in day-to-day operations, Willis Towers Watson has advised.
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NewsRailpen partners with industry bodies to study social factors
On the go: RPMI Railpen, the investment manager of the Railways Pension Scheme, has partnered with industry bodies to better understand investor expectations on social factors.
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NewsGovt announces public service pension bill to implement McCloud
On the go: The government has announced a new bill intended to push ahead with the implementation of the McCloud remedy.
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NewsPolice slate ‘deeply unfair’ ramifications of McCloud remedy
Police officers from every federated rank in the UK have written to the chairs of the Police Pension Scheme advisory boards to complain about the “deeply unfair” ramifications of the government’s McCloud remedy.
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NewsNest recommits to closing ethnicity and gender pay gaps
On the go: Nest has recommitted itself to closing its ethnicity and gender pay gaps, following the publication of data showing more work is needed to achieve parity.
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Aviva Investors increases engagement activity in 2020
On the go: Aviva Investors has increased its engagement with companies it invests in, with a 16 per cent hike in resolutions voted during 2020, its annual responsible investment review shows.
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PodcastsPodcast: TPR’s criminal powers policy will evolve with experience
Podcast: The Pensions Regulator’s policy around the use of its controversial new powers “will evolve” in response to evidence, court cases and industry experience, its director of regulatory policy, analysis and advice revealed.
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£10,000 auto-enrolment threshold ‘should be removed’
On the go: The £10,000 threshold below which people do not qualify for auto-enrolment should be removed to help underserved groups, like women and the self-employed, build up pension wealth, a Trades Union Congress pensions conference heard on Tuesday.
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PPF reveals 23% ethnicity pay gap
On the go: The Pension Protection Fund has published its latest ‘Diversity pay gap report’, which reveals it has an ethnicity pay gap of 23 per cent.
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TPR calls for neurodiversity to be promoted in D&I debate
On the go: Neurodiversity is “really important” to achieve diversity and inclusion in the pensions sector, according to David Fairs, executive director of regulatory policy, analysis and advice at the Pensions Regulator.