UK - The £2.6bn South Yorkshire Pensions Authority and the South Yorkshire Passenger Transport Authority have both renewed their contracts with Pensions Investment Research Consultants.
The three-year contracts cover corporate governance and SRI services. SYPA investment manager John Hattersley said: “The authorities believe that monitoring corporate governance and corporate social responsibility issues at the companies in which we invest our beneficiaries’ money is vital to minimising risk and enhancing value.”
South Yorkshire Pensions Authority invests on behalf of local government employees in Barnsley, Doncaster, Rotherham and Sheffield, with more than 25,000 pensioners and 48,000 current contributors.
SYPTA is a smaller fund but has also established its own voting policy and guidelines.
*In October, the £1.2bn East Riding of Yorkshire Pension Fund ended its £32,500-a-year contract with PIRC in a bid to reduce its costs, after using the services for 12 years.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.