UK - The £30bn (US$58.7bn) Universities Superannuation Scheme (USS) has announced a substantial allocation to Climate Change Capital (CCC).
Peter Moon, chief investment officer, USS, said: "We believe the low carbon investment arena is poised for considerable growth in the coming years. As a long term responsible investor, USS holds the view that the fund should take steps to reduce the risks associated with a changing climate."
USS currently has a 5% allocation to alternatives, but has stated it intends to increase this to 20% over the medium term.
It has invested in climate change-related vehicles since 2000 and is a signatory of the UN Principles for Responsible Investments (PRI).
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.