UK - Pension funds with investments in corporate bonds are to be given a voice on corporate governance and SRI issues.
The move is being spearheaded by Isis Asset Management, which intends to become the first UK fund manager to champion the rights of corporate bond holders.
Corporate bond holders do not have the same rights as shareholders, because they cannot vote on company resolutions at annual general meetings.
But director of institutional funds Michel Bernard said bond issuers must still take large institutional investors seriously.
“Unlike equities, bonds redeem and you need to issue them over and over again. It is vital for bond issuers to have access to large investors in bonds, without which they cannot issue bonds to refinance their maturing debt.”
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.