Hints and tips:
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...and legal advice, and the appointment of trustees for the scheme’s governance....
...Others to back the campaign include the central finance board of the Methodist Church and the Pension Protection Fund....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...“Now we have to roll up our sleeves, get stuck in and solve some problems: the biggest is the pension industry.”...
...In a sign of the financial industry’s shifting mood towards this subject, Cushon told Moral Money that from today it would no longer offer new clients a “net zero” option....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...Mick McAteer, co-founder of the Financial Inclusion Centre and a former board member with the Financial Conduct Authority, said the move was “unnecessary and counterproductive”....
...Welfare I begin with welfare, and I start by thanking the outstanding Work and Pensions Secretary for his help in developing these reforms....
...However, as our Moral Money newsletter team in Dubai points out, the pledges from rich nations for the loss and damage fund fall well short of what is needed....
...industry....
...“We are seeing some of the tourism-facing industries hiking prices, and the train companies raising fares,” she acknowledges....
...That makes a shift in the UK pension industry’s risk culture crucial, according to Michael Eakins, chief investment officer of savings and insurance group Phoenix Group....
...The strategy, carried out for the pension funds by independent fund managers, has the notable advantage of reducing the volatility of pension fund assets and liabilities....
...Hiromichi Mizuno, the former investment boss of the $1.4tn-in-assets Government Pension Investment Fund of Japan, has joined MSCI as a special adviser to the chief executive officer....
...Republican state treasurers have withdrawn more than $4bn of government pension and treasury funds from the company on the grounds that it “boycotts” fossil fuel....
...signs....
...And at the same time, you know, she says that she was let down by the Treasury and the Bank of England and the regulators, who failed to spot the fact that the pensions industry in the UK was like a tinderbox...
...The unexpected victory of little-known activist hedge fund Engine No. 1 in securing three seats on the board of ExxonMobil was meant to usher in a new era of climate action, and recent deals have reflected...
...pension funds AMF and ATP, and the European Investment Bank....
...), planning and pensions reforms, and support for advanced manufacturing including clean technologies....
...Delays at US custody bank exacerbated UK pension sell-off Custody lender Northern Trust was overwhelmed by margin calls during the gilt market turmoil, hampering pension funds’ ability to raise cash, according...
...DE Shaw and four of its top executives have been ordered to pay a record $52mn to former star money manager Dan Michalow by financial industry arbitrators who found the secretive hedge fund defamed him....
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