UK - Independent research and corporate governance and corporate social responsibility consultancy Pensions Investments Research Consultancy (PIRC) has joined the Enhanced Analytics Initiative (EAI).
UK-based PIRC has clients including pension funds and asset managers, with combined assets of over £750bn.
Alan MacDougall, managing director of the consultancy, said of the decision to join the EAI: “PIRC has long supported [the] EAI’s objectives to create a global culture of long term investment.
“We believe the [EAI] has a major role to play in encouraging the growth of research into those material extra-financial issues which might impact a company’s ability to deliver sustainable long term shareholder value. We are delighted to support this Initiative.”
The EAI’s combined assets under management now stand at €1.8trn, with the US$46bn New York City Employees' Retirement System (NYCERS) the last pension fund to join as an associate member in early March.
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Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.