UK - The Communication Workers' Union is urging the BT and Consignia pension schemes to increase their commitment to socially responsible investment.
CWU officials – who are seeking improvements to working conditions in third world countries – have asked members to put pressure on their pension fund trustees to do more on the issue.
CWU general secretary Billy Hayes said: ”Trade unions need to be alert to how pensions are invested. On the one hand they can be campaigning for progressive policies on international trade and politics, while the money that is being contributed to pension funds is used to support actions which are unfair and repressive.”
This initiative is supported by charities that work to combat poverty in countries with developing economies.
War on Want campaigns director Rob Cartridge said: “Harnessing the power of these huge pension funds can make a real difference to workers in the developing world.”
By Jonathan Stapleton
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.