EUROPE - Hermes Pensions Management is the latest in a line of asset managers and pension funds that have joined the Enhanced Analytics Initiative (EAI).
The band of European institutions that includes Dutch pension fund PGGM and UK-based Universities Superannuation Scheme (USS) encourage research houses to analyse intangibles and now command more than e457bn in assets under management.
In joining the EAI, the members commit to allocating a minimum of 5% of their annual broker commissions to those who best analyse the extra-financial and intangible issues that can affect a company’s or sector’s performance.
Nick Mustoe, chief investment officer of Hermes, said: “We believe that analysis of a wide range of extra-financial measures is a key element in identifying the long term value and prospects of the companies we invest in.”
Current members are AGF Asset Management, BNP Paribas Asset Management, Deutscher Investment Trust/ Dresdnerbank Investment Management, Generation Investment Management, London Pension Fund Authority, Mistra, PGGM, RCM, SNS Reaal Group, Trades Union Congress Superannuation Society and USS.
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.