UK - The FTSE4Good Index is of little use to pension funds as a benchmark, claim fund managers.
But many insist the index has offered value in its promotion of socially responsible investment practices within UK companies.
Jupiter Asset Management head of environmental research Emma Howard-Boyd said a small number of pension fund clients were interested in seeing how their segregated funds perform in comparison to the FTSE4Good, but that most preferred to measure their performance against mainstream indices.
She added that the index had raised the profile of corporate social responsibility.
The index – which marked the one-year anniversary of its launch yesterday – now contains 309 UK companies who meet high standards of ethical and environmental practice.
However, only three quarters of the companies listed on the FTSE100 have measured up to the standards.
Morley Fund Management SRI analyst Tony Belsom, who said that MFM does not use FTSE4Good, claimed the index is not taken seriously.
“Our competition is not in some ethical niche. It is the mainstream benchmarks that we are up against,” he added.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).