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.
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.