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.
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.
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