More ESG news – Page 276
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News
Highland pension unable to exclude tobacco
[17:05 CEST 08-05] UK – The Highland Council has been warned that attempts to exclude investments from the £801.7m (€897.8m) pension scheme on ethical grounds would be unlawful and could lead to the council being forced to make up any shortfall to the scheme.
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Study: big not always beautiful for pensions
[16:15 CEST 08-05] NETHERLANDS - It is generally accepted that small pension funds perform less well than their bigger brothers, but economies of scale can also work the other way around, suggests a new study conducted in the Netherlands.
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PADA initiates discussion on investment
[17:05 CEST 07-05] UK - The Personal Accounts Delivery Authority (PADA) has issued a discussion paper to help inform its trustee corporation of its thoughts on investment strategy, and which includes thinking on corporate governance and responsible investing.
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Ombudsman criticises gov't over Eq Life response
[17:20 CEST 06-05] UK – The Parliamentary and Health Service Ombudsman has warned the UK government's 'alternative' proposal to make ex-gratia payments to members of Equitable Life who suffered "disproportionate impact" of losses will not remedy the injustice resulting from maladministration.
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Berkshire adopts new due diligence policy
[17:15 CEST 06-05] UK – The Royal Borough of Windsor and Maidenhead has implemented a new due diligence policy relating to the external managers of the £1.05bn (€1.19bn) Berkshire pension fund, in response to "a number of scandals during 2008".
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TPR simplifies 'material detriment' code
[16:50 CEST 06-05] UK – Feedback on a draft code of practice concerning the "material detriment" test has resulted in The Pensions Regulator (TPR) restructuring the code to make it clearer and more "accurately reflect the policy intent".
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Employer reps can conflict pensions board, say trustees
[13:00 CEST 01-05] UK – Finance directors may be able to wear two hats and operate both on behalf a company and as a trustee of a pension scheme providing there are likely to be no significant disagreements over funding, according to trustees.
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NewsWarnings surface over Irish early retirement plan
[12:00 CEST 01-05] IRELAND – Government plans to cut the public sector wage bill by incentivising early retirement may not be "legally sound", Impact, the trade union, has warned.
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NewsHull PCT wants 'comparable' scheme to NHS
[11:30 CEST 01-05] UK – NHS Hull, the area's primary care trust (PCT), is seeking a provider to develop a company pension fund for the City Health Care Partnership (CHCP) that will offer "comparable" benefits to the NHS pension scheme.
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NewsEC to raise insolvency issue with Irish gov't
[17:10 CEST 30-04] IRELAND/EUROPE – Trade union representatives for SR Technics workers have been told the European Commission will "shortly" be raising the issue of pension protection, when a scheme is wound up in deficit, with the Irish government.
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UK and Germany yet to embrace sustainable investing
[16:45 CEST 30-04] GERMANY/UK –Two separate studies into attitudes towards responsible investing suggests UK pension funds and major German investors are looking at investments wth environmental and social governance (ESG) in mind, though further work is still needed to get all investors onboard as just a handful have fully embraced ...
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Hanafin criticised for 'rushing' DB changes
[17:20 CEST 29-04] IRELAND – Last-minute amendments to the Social Welfare Bill introducing measures to support members of defined benefit (DB) schemes, including a state annuity scheme, have been criticised by opposition political parties for being “rushed through” the Oireachtas.
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Personal accounts to rollout ahead of auto-enrolment
[17:15 CEST 29-04] UK – The personal accounts delivery authority (PADA) has confirmed it wants to launch the new trust-based occupational scheme before the introduction of compulsory employer contributions and auto-enrolment is introduced in 2012, in a bid to iron out any problems.
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Robeco seeks to become a 'truly responsible investor'
[17:00 CEST 29-04] NETHERLANDS - Asset manager Robeco is planning to incorporate environmental, social and corporate governance (ESG) principles into its entire €110bn portfolio, in a bid to achieve more sustainable returns as well as a better risk-return profile.
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APG makes sustainability call to pension funds
[14:30 CEST 28-04] EUROPE - APG Investments, the wholly-owned asset manager of the ABP pension fund, is planning to launch a global real estate sustainability survey with the University of Maastricht.
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Ireland unveils pensions insolvency 'state annuity' scheme
[16:55 CEST 27-04] IRELAND – The Irish government has unveiled a new payment scheme designed to help members of underfunded defined benefit (DB) schemes when an employer becomes insolvent.
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Henkel creates global fiduciary pensions structure
[16:00 CEST 27-04] GLOBAL - Henkel, the Düsseldorf-based personal and consumer goods multinational, has completed what is thought to be the first global restructuring of pension schemes as a notional pooling structure and appointed three firms to manage its plans globally as custodian, fiduciary and risk manager.
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Pension funds turn to specialists and alternatives
[14:30 CEST 23-04] EUROPE – Pension funds are increasingly moving into alternatives but the next growth area could be in the expansion of specialist fixed income mandates and single strategy hedge funds, according to Mercer’s review of pension fund asset allocation.
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OECD flags need for better pensions governance
[16:35 CEST 22-04] GLOBAL – Pension fund governance and risk management needs to be improved to avoid exposure to risky assets and investments that are not fully understood, the Organisation for Economic Co-operation and Development (OECD) has warned.
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Ski and Meland appoint pension providers
[16:45 CEST 21-04] NORWAY – Ski and Meland kommunes have appointed pension providers for their local authority pension funds following a re-tendering exercise.
