More ESG news – Page 275
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News
1 in 3 Irish schemes 'will not clear deficit in 10 years'
[16:00 CEST 27-07] IRELAND - Irish employers are “substantially re-evaluating their funding obligations” as a potential 30% do not have the ability to fund deficits over the next 10 years, suggests research from PricewaterhouseCooper (PwC).
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Investors back forest footprint project
[13:30 CEST 24-07] GLOBAL - Sixteen investors worth $2.2trn (€1.5trn) have thrown their weight behind an initiative calling on businesses to disclose what they describe as their ‘forest footprint’.
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News
TPR 'willing to enforce' DC improvements
[16:50 CEST 23-07] UK – The Pensions Regulator has signalled its intention to take a tougher stance on defined contribution (DC) pensions governance, with a particular focus on retirement options and processes and employer engagement.
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News
DC trustees forced to focus on admin
[16:45 CEST 22-07] UK – The majority of defined contribution (DC) fiduciaries, such as trustee boards or monitoring committees, claim they are forced to focus on the administrative side of scheme governance rather than qualitative activities such as investment strategy, according to a study conducted by Watson Wyatt.
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UK pension complaints keep stable in 2008/09 despite ‘turmoil’
[16:45 CEST 21-07] UK – The number of complaints to the Pensions Ombudsman remained steady in 2008/09 at 742, despite receiving the highest level of enquiries for four years.
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News
Discipline board investigates actuaries about First Quench fund
[17:15 CEST 20-07] UK – The Accountancy and Actuarial Discipline Board (AADB) has initiated an investigation into the conduct of actuaries in relation to the substitution of the sponsoring employer of the First Quench Pension Fund.
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News
Norway global fund appoints UK ethical research firm
[16:55 CEST 20-07] NORWAY – The Ministry of Finance has announced that UK firm Livingstone & Company will provide research on companies included in the investment portfolio of the NOK 2.38trn (€264.2bn) Government Pension Fund – Global that may be in conflict with its ethical guidelines.
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News
Lack of advisers''toolkit' knowledge raises TPR concerns
[16:30 CEST 20-07] UK – The Pensions Regulator (TPR) has admitted to concerns that certain parts of the pension industry, particularly advisers, are "not as familiar" with its 'toolkit' on trustee knowledge and understanding (TKU) requirements as they claim to be.
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News
Irish pension complaints rise 56% in 2009
[16:20 CEST 16-07] IRELAND – The number of complaints received by the Pensions Ombudsman increased 56% in the first half of 2009, driven by the increased vigilance of pensions members.
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News
Study suggests alpha potential of sustainability research
[11:00 CEST 16-07] GLOBAL - Investing in sustainability leaders ultimately contributes to superior long-term investment results with improved risk/return profiles, according to the latest research by Swiss-based SAM.
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News
EU schemes fall behind on climate change
[16:45 CEST 13-07] EUROPE - European pension funds are lagging behind other institutional investors in using climate change as an investment criterion, according to a new survey.
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NewsDurham University tenders pension services
[16:00 CEST 13-07] UK – Durham University is seeking a provider for a range of services to its pension scheme including actuarial services and consultancy.
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NewsUK schemes see outsourcing as key to admin cost cuts
[16:50 CEST 10-07] UK - Cost-cutting is the number one priority for UK pension schemes, according to the Pension Administration Survey 2009 from Hewitt Associates.
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News
Schemes advised be 'wary' of new mortality models
[17:20 CEST 09-07] UK – Pension schemes have been warned to be ‘wary’ of moving towards longevity projections based on data from the wider UK population rather than occupational scheme data, following the publication of the rationale behind a prototype mortality model.
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NewsLAPFF fails to pass M&S resolution
[17:20 CEST 09-07] UK – A shareholder resolution put forward by the Local Authority Pension Fund Forum (LAPFF) calling for an independent chair of the board of Marks & Spencer (M&S) was backed by just 38% of shareholders.
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NewsFoster Wheeler ruling could trigger further legal action
[17:15 CEST 09-07 UK – The Court of Appeal's judgement in the Foster Wheeler case has received conflicting reactions from the industry including a suggestion that the ruling could lead to further litigation.
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News
Judges allow Foster Wheeler appeal
[17:05 CEST 08-07] UK – Foster Wheeler has been allowed an appeal by the UK Court of Appeal against an earlier High Court judgment, which allowed members of its pension scheme with mixed Normal Retirement Dates (NRDs) to take all pension benefits at the earlier age without an actuarial reduction.
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NewsOECD calls for better pensions governance
[16:30 CEST 07-07] GLOBAL – The Organisation of Economic Cooperation and Development has just published guidelines and regulatory principles from which it believes all pensions regimes should base their pension fund governance, to deliver “stronger regulation and better governance”.
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NewsKeva chief resigned ahead of exoneration
[16:00 CEST 07-07] FINLAND – Markku Kauppinen, the chief executive of Finland’s Local Government Pensions Institution (Keva), resigned yesterday following allegations of corruption concerning his political role and investments made by the pension fund. Yet supervisory officials today stated its own investigation found there was no sign of any wrongdoing.
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NewsPGGM to pursue ESG terms for real estate
[15:30 CEST 03-07] NETHERLANDS – PGGM Investments, the Dutch pensions asset manager, will in future scrutinise all real estate investments under environmental, social and governance (ESG) terms as part of its strategy to encourage all companies to abide by responsible investment principles.
