BNP Paribas will end business with companies whose primary activities involve profiting from the extraction of oil or gas from shale or tar sands, while ramping up its investments in renewable energy.
The international bank, whose asset management and custodian subsidiaries act for a number of UK pension funds, announced the drive in order to help meet its environmental, social and governance (ESG)...
Members of the Pensions and Lifetime Savings Association (PLSA) have given a green light to changes to the trade body's constitution and articles of association.
The newly-appointed chairman of the Pensions and Lifetime Savings Association (PLSA) has pledged to "open up" the organisation in a bid to improve policy development.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.