Local Government Pension Scheme (LGPS) funds could disinvest from tobacco stocks if they substitute shares with similar returns, according to a legal expert.
The LGPS Shadow Scheme Advisory Board sought opinion from Nigel Griffin QC on the implications of fiduciary duty on funds, following controversy over the scheme's tobacco holdings (PP Online, 21 February...
The Conservative Party’s election success has delivered a rally for UK equity markets and sterling but uncertainty over a future trade deal with the EU remains.
The pound surged against both the US dollar and euro after the Conservatives won a landslide majority at the UK General Election on Thursday (12 December).
ESG is increasingly important for schemes but trustees have little influence over manager decisions. Pádraig Floyd asks what they can do to redress the balance.
While it may be tough for small schemes to manage their approach to ESG-related investment risks, there are ways to meet this fiduciary responsibility, says Richard Butcher