UK - More UK pension funds may join WWF-co-ordinated action to call on BP to disclose how it measures the risk to shareholder value from drilling in environmentally sensitive areas.
The Local Authority Pension Fund Forum will discuss whether to back the move at a meeting next month.
The action has come about due to BP lobbying for access to drill for oil in the Alaskan Arctic National Wildlife Refuge which is currently off-limits to oil companies.
The World Wildlife Fund has filed a resolution with BP that will be voted on at BP’s annual general meeting on April 18. The resolution requires BP to report on how it analyses and minimises the risks to BP’s business from operating in sensitive areas.
By Paul Sanderson
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.