ESG
No more than 10 master trusts needed, says industry
Just under half of respondents to this week's Pensions Buzz argued the master trust market would operate more efficiently if there were fewer participants, without damaging competition.
Schemes told to report on 'hard-headed' impact of ESG issues
Pension scheme trustees will be handed a fresh obligation to disclose to members how they take into account environmental, social and governance (ESG) issues when investing.
Local Pensions Partnership signs UN-backed PRI; commits to ESG integration
The Local Pensions Partnership (LPP) has become the fourth local authority pool signatory to the United Nations-supported Principles for Responsible Investment (PRI).
Smart Pension gets first ESG head as funds launch looms
Rachel Neill has been appointed as Smart Pension's first head of environmental, social and governance (ESG) as it plans to launch responsible investment funds.
BT Pension Scheme completes £260m sale of stake in Hermes
US-based Federated Investors has completed its acquisition of a 60% interest in Hermes Investment Management from the BT Pension Scheme (BTPS).
Industry split on DWP proposals to reform trustees' investment duties
The Department for Work and Pensions (DWP) has opened a consultation proposing reforms to trustees' investment duties to boost ESG risk consideration. Kim Kaveh gauges industry reaction.
Industry rebuffs DWP call for investment strategy statements
Respondents say it is a bad idea to state the extent member views are taken into account when setting investment strategies.
Hermes launch carbon tool to track fund's level of risk and engagement
Hermes Investment Management has launched an environment, social and governance (ESG) tool in a bid to improve carbon risk engagement with investee companies.
DWP consults on changes to trustees' investment duties
The Department for Work and Pensions (DWP) has launched a consultation on reforming trustees' duties to consider environmental, social and governance (ESG) risks.
Companies to be forced to disclose pay ratios from 2019
Companies with more than 250 employees will be required to disclose the pay gap between chief executives and their average staff members from 2019, the government has announced.
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
PMI names Aberdeen Standard Investments as ESG insight partner
The Pensions Management Institute (PMI) has partnered with Aberdeen Standard Investments as its environmental, social and governance (ESG) insight partner.
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.
Have your say: Does TPR deserve the criticism it's getting?
In this week's Pensions Buzz, we want to know whether the amount of criticism leveled at The Pensions Regulator recently is warranted, and whether default funds are fit for purpose.
PPF appoints Claire Curtin as head of ESG
The Pension Protection Fund (PPF) has named Claire Curtin as head of environmental, social and corporate governance (ESG).
DWP plans to consult on ESG fiduciary duties from June
The Department for Work and Pensions (DWP) expects to consult on trustees' legal duties to consider environmental, social and governance (ESG) risks from next month.
Trustees need to engage more on climate change risk
Rory Murphy argues there is no excuse for pension trustees to be taking a back seat on climate change risks in the investment chain.
How should trustees approach climate risks?
A report by Pinsent Masons calls on trustees to be more proactive on the risks posed by climate change, warning it is no longer a 'nice to have'. Stephanie Baxter considers the action points
Pension funds could make 'greatest contribution' towards tackling climate change
Schemes could have the biggest impact when it comes to tackling climate change and company boards should embrace low carbon transition, says Legal & General Investment Management (LGIM).
Pre-1997 benefits should not have statutory inflation protection, say half of respondents
Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.
FCA mulls expanding IGC remit with social investing duties
Independent governance committees (IGCs) may see their remit expanded to include reporting on social investing issues under Financial Conduct Authority (FCA) plans unveiled in its business plan today.
Are asset managers delivering on their ESG claims?
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
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.
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