Border to Coast Pensions Partnership has appointed Dutch fund manager Robeco to oversee its shareholder voting and corporate engagement.
The £43bn Local Government Pension Scheme (LGPS) - which pools the assets of 12 partner funds - said it has selected Robeco's Active Ownership Service for both its internally- and externally-managed investments,...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests