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
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?