All Stewardship articles
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NewsBorder to Coast to vote against BP over weakened climate targets
The LGPS pool plans to vote against the re-election of several board members at the oil giant’s forthcoming annual general meeting.
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NewsPLSA rolls out new vote reporting standards for asset managers
Pension schemes and asset managers have been urged to adopt a new vote reporting template to improve transparency around shareholder engagement.
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NewsThe People’s Pension awards £28bn in mandates
Amundi and Invesco have been awarded major equity and fixed income mandates, replacing State Street, for much of the master trust’s assets.
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News
Trustee body slams UK Stewardship Code changes as ‘unacceptable’
The Association of Member Nominated Trustees has criticised the FRC for what it deems the “emasculation” of a key principle of the existing UK Stewardship code.
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NewsLGPS Central takes on £11bn in passive mandates
LGPS Central now runs more than £43bn on behalf of its partner funds, as the government seeks to accelerate pooling and expand the services offered by the pools.
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NewsPension funds lobby against ‘unfair’ share structures
Some of the UK’s biggest pension schemes are stepping up their action against companies with dual class share structures, arguing that these are “diluting shareholders’ ability to influence portfolio companies”.
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NewsRailpen leads bondholder stewardship group
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of a new bondholders’ stewardship working group, the adoption of a formal ESG policy by BlackRock’s LifePath UK DC investment strategy, and a new global standard for stewardship resourcing.
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NewsBorder to Coast appoints Robeco for voting support
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
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NewsRailways Pension Scheme manager updates voting policy
On the go: Railpen, the manager of the £35bn Railways Pension Scheme, has introduced new voting policies on cyber security, climate transition and biodiversity, and mental health for its 2023 annual meeting season.
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NewsNine new pension funds sign up to UK Stewardship Code
On the go: HSBC Bank (UK) Pension Scheme, Royal Mail Pension Plan, and the NatWest Group Pension Fund are among the nine new pension schemes that have successfully signed up to the UK Stewardship Code.
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NewsCalls for stewardship code to engage members as well as managers
On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.
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NewsOpperman to lead task force on ‘social factors’ in ESG
Pensions minister Guy Opperman has announced the creation of a task force to aid trustees with monitoring data and international reporting developments as they pertain to the “S” in environmental, social and governance considerations.
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NewsSchemes urged to adopt guide for tackling deforestation
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new guidance for pension schemes to tackle deforestation, and research showing engagement improved with the Stewardship Code.
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NewsSPP warns of covenant ESG risk, Scottish Widows issues ultimatum
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Society of Pension Professionals’ new guide to ESG, and Scottish Widows’ stewardship demands of its asset managers.
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NewsSchemes and asset managers told to buck up stewardship
On the go: Pension schemes and asset managers should embed stewardship “in every aspect of their relationship”, the Investment Association and the Pensions and Lifetime Savings Association have said.
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NewsDWP gives schemes greater scrutiny of asset managers on voting
Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.
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NewsPIC invests in social housing, Brunel targets biodiversity
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Pension Insurance Corporation investing in a social housing provider and the Brunel Pension Partnership highlighting biodiversity as a priority following a review of its responsible investment strategy.
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NewsTreasury aims new climate transition task force at companies
On the go: The Treasury has created a task force to develop a “gold standard” for UK companies’ climate transition plans.
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NewsRailpen tells investors to prioritise companies for engagement
On the go: Railpen, which manages around £35bn in assets for the Railways Pension Scheme, has devised a new “systematic framework” on net zero stewardship in partnership with the Institutional Investors Group on Climate Change.
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OpinionThe future of pensions
Thornton T Munger, a pioneering research scientist, once said: “The habit of saving is itself an education.” Unfortunately, across the UK, this education is lacking.