More ESG news – Page 26
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OpinionWhy purpose, personalisation and pace must shape modern pensions
It is no secret that few people engage with their pensions. More than half of UK workers do not know the size of their pension pot.
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Calls for TPR to include ESG module in trustee toolkit
On the go: The Pensions Regulator has been urged to include an an environmental, social and governance training module in its trustee toolkit.
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Border to Coast makes infrastructure investments
On the go: The Border to Coast Pensions Partnership has committed £540m to six new infrastructure funds, including its first co-investment.
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NewsLGPS funds have £10bn invested in fossil fuels
Data crunch: Despite recent initiatives against climate change, Local Government Pension Scheme funds still have £9.7bn invested in fossil fuel companies, according to new research.
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Railways Pension Scheme strengthens climate reporting focus
On the go: The £31bn Railways Pension Scheme has outlined its expectations for portfolio companies on how they deal with key corporate governance and sustainability issues in its updated voting policy.
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Most savers unaware of schemes’ climate change endeavours
On the go: Three-fifths of workplace pension members do not know if their scheme is taking any action to combat climate change, according to a survey by the Pensions and Lifetime Savings Association.
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OpinionMaking your pension scheme investments count
Mark Carney made a bleak assessment of the state of the world in his recent BBC Reith Lectures.
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Schemes’ industry investments lag behind climate targets
On the go: Pension schemes with investments in heavy industry like steel, cement, aluminium and paper are likely to find them lagging behind the Paris agreement’s targets, with 86 per cent failing to align with a pathway to “2C or below by 2050”.
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Pension Protection Fund steps into social housing
On the go: The £36bn Pension Protection Fund has provided £65m of an £85m funding deal to refinance Monmouthshire Housing Association’s entire loan portfolio.
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TPR pledges guidance after royal assent for Pension Schemes Act
On the go: The Pensions Regulator welcomed the Pension Schemes Act receiving royal assent on Thursday, with chief executive Charles Counsell looking forward to the “strong package of measures” it provides and pledging guidance for how they will be used.
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NewsBorder to Coast expands green infrastructure investment
Several pension funds, including the Local Government Pension Scheme pool Border to Coast, have provided the majority of the funding for a new €1.6bn (£1.4bn) renewable energy investment fund launched by the Macquarie Infrastructure and Real Assets.
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Scottish Widows pledges to reach carbon zero by 2050
On the go: Scottish Widows is the latest pension company to pledge to become carbon neutral by 2050, while calling for action in the industry.
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Nine out of 10 DC savers expect retirement shortfall
On the go: Almost 90 per cent of defined contribution scheme members expect a shortfall in retirement income based on current provision, while almost a quarter of people think they will never be able to retire, according to the latest edition of Aon’s DC member survey.
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PodcastsPodcast: Tackling climate change will require a ‘step change’ in governance
Podcast: The government’s “revolutionary” plans to tackle climate change “ain’t half prescriptive” when it comes to pensions investments, and will require a “step change” in governance to achieve. So say Stuart O’Brien, partner at Sackers, and ITS director Tegs Harding, who also discuss the consequences of another row at the Universities Superannuation Scheme and the cartelisation of the advisory market.
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Inquiry launched into LGPS role in ‘just transition’ to net-zero
On the go: The All-Party Parliamentary Group for Local Authority Pension Funds has launched an inquiry to look at how these schemes can help in achieving a just transition to a decarbonised economy.
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TPR urges DC schemes to pay more attention to climate change
On the go: The Pensions Regulator has warned the defined contribution market must pay more attention to both the risks and opportunities of climate change in investment strategies.
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NewsMaster trust competition hots up despite consolidation
Data crunch: The majority of master trusts are targeting defined contribution schemes in a bid to boost their assets under management, leading to heightened competition in a marketplace where there is scepticism about acquiring rivals.
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Smart Pension pledges to reach carbon zero before 2050
On the go: Smart Pension has committed to developing its investment approach to reach net-zero carbon emissions “well ahead” of the 2050 deadline.
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New solution allows schemes to have voting rights on pooled funds
On the go: The Asset Management Exchange and asset manager DWS have created an investment solution that allows pension schemes to express their stewardship preferences in pooled funds.
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Guide launched to assess investment consultants’ climate competence
On the go: The Investment Consultants Sustainability Working Group has launched a guide to help trustees in assessing their investment consultants on climate competency.