More ESG news – Page 5
-
-
NewsPost-pandemic retirement surge increases LGPS expenditure
A rise in the number of people retiring following the pandemic contributed towards a 6.6 per cent increase in Local Government Pension Scheme expenditure, new data from the Department for Levelling Up, Housing and Communities has revealed.
-
NewsSwitching providers too difficult for employers, DWP finds
Companies rarely switch pension providers as the process is too onerous, the Department for Work and Pensions has discovered.
-
-
NewsFCA proposes rules to stamp out greenwashing
The Financial Conduct Authority is looking to introduce a package of measures aimed at clamping down on greenwashing, while looking to expand the regime for pension products in the future.
-
-
NewsIFoA withholds ‘risk alert’ over LDI
On the go: The Institute and Faculty of Actuaries has opted not to issue a “risk alert” over liability-driven investments, in response to the liquidity crisis faced by many defined benefit schemes that unfolded after the September “mini” Budget.
-
NewsUSS weighs up costs and benefits of outsourcing investments
Despite hiring an external asset manager to run its climate transition index earlier this year, the £90.8bn Universities Superannuation Scheme is keen to cut investment management costs by developing its in-house investment capabilities.
-
NewsEssex launches global equity sustainable transition fund
On the go: The circa £9.3bn Essex County Council Pension Fund has partnered with UBS Asset Management and Hymans Robertson to launch the UBS Life Global Equity Sustainable Transition Fund.
-
NewsHSBC adverts banned after greenwashing complaints
On the go: In the first ruling of its kind, the UK’s advertising watchdog has banned a series of sustainability focused advertisements from HSBC bank because of their misleading environmental claims.
-
-
NewsTPR’s Counsell: DB schemes are not at risk of collapse
Defined benefit pension schemes were not on the verge of collapse before the Bank of England’s gilt market intervention, the Pensions Regulator’s chief executive Charles Counsell has said.
-
NewsPodcast: How to transform an investment team
Podcast: Newton Investment Management head of sustainable investment Therese Niklasson and Aegon head of responsible investment Hilkka Komulainen discuss how schemes can transform investment teams to drive environmental, social and governance thinking. The pair debate how ESG fits into broader leadership, and the impact of high boardroom turnover on sustainable thinking.
-
NewsBorder to Coast ready to vote on company leadership over ESG
The Border to Coast Pensions Partnership has warned it is prepared to vote on the future boardroom leaders over environmental, social and governance matters, as it publishes its net zero strategy.
-
NewsScottish Widows and Interactive Investor see green pension demand
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a study from Scottish Widows suggesting green pensions are valuable for recruitment, and news that one in 10 workers have chosen a sustainable pension.
-
NewsTPR updates climate risks guidance
On the go: The Pensions Regulator has updated its guidance on climate-related risk requirements to include mention of the “portfolio alignment metric”, which affected schemes have had to provide since October 1.
-
NewsMore than a third of schemes ignore own trustee diversity data
More than one-third of the pension schemes that collect trustee diversity data have no intention of using it, the Pensions Regulator has found, as it publishes an action plan to boost boards’ diversity and inclusion.
-
-
NewsSocial impact investment grows almost 10-fold in 10 years
On the go: Social impact investment in the UK has grown from £830mn in 2011 to £7.9bn in 2021, an increase of nearly 10-fold, new research has revealed.
-
NewsPodcast: Webb - Opperman achieved but ‘got sidetracked easily’
Podcast: Former pensions minister Guy Opperman can boast a number of achievements from his time in office. But he was too easily sidetracked away from the bigger issues, such as under-saving in defined contribution schemes, and towards trivialities such as the statements season. LCP partner Sir Steve Webb gives his view on Opperman’s time as minister, and discusses under-saving in DC and a local council investment scandal.