UK/EUROPE - Friends Ivory & Sime (FIS) has launched a corporate governance and socially responsible investment unit for European markets.
The team, consisting of 12 members – led by FIS head of SRI Karina Litvack – will address issues concerning corporate governance, human rights, labour standards, bio-diversity, sustainable forestry, climate change, bribery and corruption, environmental management and reporting.
Litvack said: “Fund managers continue to flock to SRI in terms of their fund offerings, while, from a corporate perspective, the need to visibly implement corporate social responsibility is fast becoming a fact of life.”
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
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.