Dutch pension giant EUR150bn APB has appointed US-based Innovest Strategic Value Advisors to provide research to its fledgling socially responsible investment (SRI) portfolios.
To initiate its first venture into SRI, the Heerlen-based fund has allocated EUR100m to European active equity and $100m to US active equity. These funds are managed in-house.
Rene Maatman, ABP’s chief counsel said: “These are two experimental portfolios and after a certain period of time, usually three years, we will evaluate the results.” By Madhu Kalia
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.