UK - Isis Asset Management's stewardship income fund was one of only two UK equity funds to post a positive return in the year to the end of June.
The other company to achieve a positive return – according to research from analyst company Lipper – was the Marlborough UK Equity Income Fund.
The Isis fund finished second in the 12-month period to June 30 out of a group of 83 funds, beating more than 97% of the competition.
The small-to-mid-cap based fund is managed by Ted Scott who said difficult market conditions and the ethical screening that prevented him from investing in conventional defensive sectors, such as oil and tobacco companies, had made it a difficult year.
“I’ve dealt with this potential problem by building up an overweight position in utilities, which has obviously done the job.”
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.