Schemes must be on their guard as trapped surpluses become a clear and present danger.
XPS has called the increase “disappointing” and called for robust management from trustees
Pledge comes after LGPS fund was found to be a major fossil fuel holder
The ESG reporting solutions data will be used to support mandatory TCFD reporting
Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’
Half of surveyed schemes expect to reach full integration within just 12 months
The agreement will help protect the benefits of 16,500 members in the underfunded scheme
The firm called for companies to provide insight into their climate accountability