UK - SG Asset Management has signed up to the London Principles, a code of conduct to encourage financial services firms to promote sustainable development.
The code – developed by the Corporation of London – covers economic prosperity, environmental protection and social development.
SGAM SRI director Carole Arumainayagam said that while it was still in the embryonic stage, firms would increasingly take SRI into consideration.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.