FRC launches revised stewardship code
The Financial Reporting Council (FRC) has launched a revised stewardship code – significantly raising its expectations on how money is invested.
In particular, the new code aims to establish a clear benchmark for stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries...
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RPMI Railpen backs Greencoat for energy plant acquisition
Asset manager Greencoat Capital has acquired the Lincolnshire-based Sleaford Renewable Energy Plant with funds from RPMI Railpen and Greencoat Renewable Income and commitments from UK corporate and Local Government Pension Scheme funds.
Transaction costs tally up to 37% of pension investment costs
Over a third of investment costs faced by pension savers come from transactions, according to the latest annual research from Caceis.
USS announces divestment from weapons, coal, and tobacco
Universities Superannuation Scheme (USS) will divest from tobacco, coal, and controversial weapons manufacturers following “years of demand” from members and recent protests on its overall commitment to climate action.
Market Movers Blog: Half of emergency Covid-19 business loans face non-payment
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
