EUROPE - Kempen Capital Management and SNS Asset Management have launched an index to track the socially responsible investment performance of smaller companies in Europe.
The new Kempen/SNS Smaller Europe SRI Index – which features 69 firms from 14 countries – will be calculated and maintained by HSBC Bank’s quantitative techniques division.
Kempen and SNS hope the index will encourage smaller companies to adopt socially responsible policies.
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.