UK - Schemes should be wary of investing in extractive companies because of their failure to manage biodiversity risks, Insight Investment warns.
Research by the fund manager showed 15% of extractive companies, which include oil and mining firms, make no reference to biodiversity in their public documents. And 30% only make passing references.
Insight believes extractives are placing themselves at risk of suffering liabilities, damage to reputation, increased costs and difficulties accessing land.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.