The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.
In an interview with PP, Hermes head of investment Saker Nusseibeh said the financial crisis of 2008 had happened, in part, because of the failure of asset management firms to speak out about products...
Unison has passed a motion that says it will seek to divest the Local Government Pension Scheme (LGPS) from fossil fuels over the next five years.
Existing methods of tracking fund performance are not suitable for environmental, social and governance (ESG) issues, First State Investments has said.
This week's top stories were a ransomware attack on TPR, and the new pensions minister being urged to tackle outstanding policy issues.
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.