UK - The Local Authority Pension Fund Forum (LAPFF), has shown its commitment to shareholder engagement by backing the United Nations Principles for Responsible Investment (UNPRI).
The LAPFF said following an internal review, it had decided to become a PRI signatory, as a ‘professional service provider’. LAPFF said it had become a signatory to the principles in order to further encourage the development of responsible investment strategies by institutional investors around the globe.
Cllr Darrell Pulk, chair of the forum, said: “PRI has already had a significant impact in terms of encouraging both institutional investors and the service providers that work with them to think seriously about how they address responsible investment.”
The LAPFF is a voluntary association of 44 pension funds with £85bn in assets, individual LAPFF members could also sign as ‘asset owners’ and a number have already done so.
The UNPRI is an investor initiative in partnership with UNEP FI and the UN Global Compact which provides a framework for the consideration and integration of environmental, social and governance (ESG) issues in investment decision-making.
There are currently more than 250 PRI signatories holding over $10trn assets under management.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.