GLOBAL - Anti-poverty group War on Want is urging pension funds to be more aware of their investment in multinational corporations, whose labour practices undermine attempts to eradicate poverty.
The charity said pension funds have not taken their responsibilities as shareholders seriously, adding that they have a moral responsibility to hold multinationals accountable, and take more of an interest in how they are run.
“We argue that by doing this they will make better investment decisions and help people out of poverty,” it said.
By Janet Du Chenne
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point