UK - Most workers believe their employers should offer an ethical investment option within their pensions arrangements, MPs have been told.
The UK Social Investment Forum told an all-party parliamentary group that new socially responsible policy proposals were needed to meet this demand.
UKSIF said all defined contribution pension scheme members should be able to reflect their moral values in their pension investments.
It also called for SRI disclosure requirements, that apply to stakeholder pension schemes, to be extended to include all retail investment products.
Research commissioned from NMG Research by Insight Investment found that:
- 90% of investors felt they had a duty to challenge excessive, “undeserved” directors’ pay and other “unethical company practices”.- 78% of investors were concerned that their pension provider should have policies related to ethical and environmental issues.- Reports outlining the actions that companies take on ethical and environmental issues were wanted by 75% of investors.- Less 30% investors would be willing to deal with an investment company that ignored ethical and environmental issues.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.