climate change risk
Keeping up with a disruptive and fast-moving investment backdrop
Investors must keep up with the opportunities and challenges arising from disruption off the back of climate change and technological advances, says Julian Lyne.
MPs' pension fund urged to make faster transition away from fossil fuels
The Parliamentary Contribution Pension Fund has been criticised for continuing to invest in fossil-fuel heavy companies despite a push into renewable energies.
Industry 'shoots itself in foot' with two trustee accreditation regimes
The industry has rejected the need for multiple professional trustee accreditation regimes after the Pensions Management Institute and Association of Professional Pension Trustees launched rival frameworks.
Opperman writes to 50 schemes demanding action on ESG
Pensions and financial inclusion minister Guy Opperman has written to the 50 largest pension schemes requesting action to combat climate change.
Most schemes neglecting Brexit contingency planning
The majority of schemes have claimed political and economic uncertainty has led them to disregard contingency planning for the range of potential Brexit outcomes.
TPR sets up industry group for enhanced law on climate change disclosure
Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.
Environment Agency fund joins global push for environmental impact disclosure
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
Pension funds 'need incentives' to invest for net-zero emission future
Greater incentives are needed to encourage institutional investors, including pension funds, to invest in such a way to help prevent climate change, investment experts have argued.
Opperman: Pension schemes must 'do the right thing' on tackling climate change
Pension schemes and their investment managers must take their environmental and social responsibilities seriously and use funds to tackle climate change, Guy Opperman has said.
Schemes should not divest from fossil fuels, says industry
This week's Pensions Buzz respondents have decidedly rejected former energy and climate change secretary Sir Ed Davey's argument that schemes should divest from fossil fuel intensive companies.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
Fossil free MPs' Pension Fund campaign secures backing of 200 politicians
A campaign to divest the MPs' Pension Scheme from fossil fuel investments has gained the support of 200 MPs and former MPs across partisan lines.
Church of England Pensions Board challenges 55 companies on climate lobbying practices
The Church of England Pensions Board has written to 55 European companies on their climate lobbying practices, and has warned of shareholder resolutions later this year.
A wake-up call for pension funds
Catherine Howarth argues that more auto-enrolment providers need to develop their climate-related risk management.
IGCs face stronger ESG reporting duties under FCA plans
Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.
Do climate change resolutions erode shareholder value?
A contentious report claims ESG resolutions at American company AGMs can do more harm than good. James Phillips explores the findings
Industry split on whether criticism of TPR is justified
The Pensions Regulator (TPR) deserves recent criticism over past failings, notably with Carillion, according to a narrow majority of this week's Pensions Buzz respondents.
Minority of UK's largest funds 'complacent' about action on climate change
While the majority of UK's largest pension funds have taken action on climate change, parliament says some are still failing to manage their schemes responsibly
Insight creates model to identify corporate credit climate change risks
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
USS members should bear most cost of higher contributions, say respondents
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.
The financial risks schemes need to prepare for
Various risks can have significant effects on DB scheme liabilities, but what should schemes prepare for? James Phillips reports on four investors' views on the biggest looming risks.
PLSA: Climate change poses short-term risks to pension investments
Pension funds should incorporate climate change expertise onto trustee boards as it poses severe short-term risks to investments, the Pensions and Lifetime Savings Association (PLSA) has warned.
BNP Paribas pledges to halt shale business relationships
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.
LPFA appoints infrastructure and ESG experts to board
Nigel Topping and Dr Barbara Weber have joined the £4.6bn London Pension Fund Authority's (LPFA) trustee board as it seeks to strengthen expertise in infrastructure and sustainable investment.
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