UK - The £2.2bn Tyne & Wear Pension Fund has joined the Local Authority Pension Fund Forum, taking its total membership to 31 schemes.
Tyne & Wear is the seventh fund to join the LAPFF since the beginning of 2003, following in the footsteps of the London Pension Fund Authority, the London Boroughs of Bexley and Brent, and three Welsh schemes, run by the authorities in Swansea, Torfaen and Flint-shire.
LAPFF Forum Officer Keith Bray said: “As funds ponder the implications of Myners’ recommendations on activism, they are increasingly reviewing their policies on corporate governance and SRI. The LAPFF provides the perfect customised vehicle to assist local government pension schemes in the development of policies in these areas.”
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