SWITZERLAND - Sustainable Asset Management (SAM) Group has more than doubled its assets under management (AUM), achieving an annual growth rate of 125% in 2007.
Reto Ringger, founder and CEO, SAM Group, said: "The solution or, as it were, adaptation, to global warming represents an enormous challenge and in this century it will become the most significant economic task and opportunity. SAM is strongly positioned to benefit from this long term mega-trend."
SAM reported a 60% growth in the volume of sustainable funds in Europe and a "substantial" increase in interest among US institutional investors. Over the course of the past year, the French Établissment de retraite additionnelle de la function publique (ERAFP) awarded SAM the single largest socially responsible investment (SRI) mandate in French history, worth in excess of €1bn over the next four years.
The group also announced the launch of a new business unit to develop alternative investment products for institutional and private clients, looking at sustainability hedge funds, alternative theme-based funds and CO2 emissions products.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.
In a hard-hitting interview with Stephanie Baxter, the former chairman of Carillion Pension Trustees explains why he thinks a blame culture and too much red tape are damaging pensions and why he feels regulators are getting it wrong.
Senior decision makers from more than 20 major pension providers and administrators have come together to discuss how the pensions dashboard could be made a reality.