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 Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).