Pension funds could be ditching responsible investing principles in their relentless hunt to get higher returns from their asset managers, Kas Bank warns.
The custodian said trustees under pressure to reduce scheme deficits and protect member benefits may be turning a blind eye to asset managers who invest in funds which contradict socially responsible principles....
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.