US - New York City comptroller William Thompson has filed resolutions calling for companies to strengthen their policies to prevent gender and sexual orientation discrimination.
The resolutions, which Thompson filed on behalf of a number of New York city pension funds, call for companies that have not already done so to bar discrimination based on sexual orientation or gender identity.
Betsy Gotbaum, New York city public advocate, said companies that followed fair labour and hiring practices were providing a better long-term investment for their shareholders.
“Once again, the Pension Funds are leading the way in shareholder activism and ensuring that members get the best possible return on their money,” she said.
All companies cited are among the 1 000 largest companies in the United States. Comptroller Thompson said companies that failed to impose formal non-discrimination policies made employees susceptible to discrimination because victimised workers are not protected.
“New York City invests its funds in these companies, and these companies must ensure that they are inclusive of all people,” he said.
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...