More ESG news – Page 277
-
News
TPR urges vigilance on fraud and 'unacceptable behaviour'
[17:15 CEST 20-04] UK – The Pensions Regulator (TPR) has highlighted the importance of good governance in the economic downturn as schemes may be more vulnerable to "certain actions which give us cause for concern" such as fraud and inappropriate transfers.
-
News
Providers say traditional diversification needs rethink
[17:00 CEST 16-04] EUROPE – Classic balanced or multi-asset mandates have failed to protect pension funds during the current crisis and need to be reconsidered, according to both Allianz Global Investors and German consultancy Heubeck Feri.
-
News
Vodafone class action reopened on appeal (updated)
[17:20 CEST 15-04] UK/USA – An appeal by plaintiffs in a class action against Vodafone, including Lothian Pension Fund, has resulted in the case being reopened after it was originally dismissed over jurisdiction issues.
-
News
Gov't faces Eq Life legal challenge for compensation
[17:15 CEST 15-04] UK – The UK government is facing a high court challenge from Equitable Life policyholders over its failure to fully implement the compensation recommendation of the Parliamentary Ombudsman.
-
News
TPR seeks consultancy for DC review
[16:55 CESt 08-04] UK – The Pensions Regulator (TPR) is seeking a consultant to review the risks surrounding defined contribution (DC) schemes and to propose a new regulatory framework.
-
NewsUnfair dismissal of DB members could cost more
[17:00 CEST 07-04] UK – Lawyers have warned employers they could face significant compensation costs if an employee found to have been unfairly dismissed is a member of a defined benefit (DB) pension scheme rather than defined contribution (DC).
-
News
Employers warned over cost of deferred DC
[17:20 CEST 07-04] UK – Employers need to address the extra costs associated with administering defined contribution (DC) schemes for deferred members, as large firms could be spending more than £500,000 on ex-employees, Towers Perrin has warned.
-
NewsAP7 voting constraints 'should be lifted'
[17:10 CEST 06-04] SWEDEN – A Swedish government committee has recommended restrictions prohibiting the Seventh AP Fund (AP7) from voting in relation to its Swedish holdings should be removed while other constraints preventing AP funds from being an active owner should be reviewed.
-
NewsLAPFF targets T.Rowe Price over execs pay
[17:05 CEST 06-04] UK – The Local Authority Pension Fund Forum (LAPFF) is urging its members to take action against T.Rowe Price as it is concerned that remuneration packages for executives are "not serving shareholders' interests".
-
News
Nottingham reports 95% voting record
[16:55 CEST 06-04] UK – Nottingham County Council has revealed it voted at 95% of the meetings held by companies it invested in in 2008, and in 79% of these it either opposed or abstained from a resolution.
-
News
Westminster mulls frameworks amid manager concerns
[16:50 CEST 03-04] UK – Westminster City Council is considering the development of framework agreements to allow mandate changes to be speeded up, following concerns over manager performance.
-
News
Norway global to exclude tobacco and target environment
[16:45 CEST 03-04] NORWAY – The exclusion of tobacco-producing companies from the Government Pension Fund – Global and a NOK20bn (€2.26bn) environmental investment programme are just two of the measures announced by the Ministry of Finance following a review of ethical guidelines.
-
News
AP Ethical Council targets 13 investments
[16:45 CEST 02-04] SWEDEN – The Ethical Council of the Swedish AP Buffer pension funds claimed three successes in 2008 in its dialogue approach to remedying breaches of ethical guidelines, although 13 companies are still on the Council's 'focus list'.
-
News
Finland reviews pensions at state firms
[16:35 CEST 02-04] FINLAND – The Finnish government has set up a working group to evaluate the remuneration guidelines of state-owned companies, including pension arrangements, and to propose reforms of the system.
-
News
Trustees advised to consider short-term activity
[17:05 CEST 31-03] IRELAND – The Pensions Board has argued trustees need to think more about sustainability and the impact of short-term events on long-term promises if defined benefit (DB) schemes are to be a “viable alternative” to defined contribution (DC) funds.
-
News
LAPFF adds pressure for independent M&S chair
[17:05 CEST 31-03] UK – The Local Authority Pension Fund Forum (LAPFF) has tabled a shareholder resolution calling for Marks & Spencer to appoint an independent chairman by July 2010, following the company's failure to split the roles of chairman and chief executive.
-
News
AMF's problems grow over executive pensions
[16:30 CEST 30-03] SWEDEN – The board of AMF Pension, the Swedish pensions provider, claims it has been misled about the size of the pension its former chief executive Christer Elmehagen should have received and is demanding over SEK24m (€2.18m) be repaid to the firm.
-
News
NBIM wants improvement in child labour policies
[14:00 CET 27-03] NORWAY – Norges Bank Investment Management (NBIM) has revealed an "overall low" level of compliance with its expectations on children's rights across four investment sectors.
-
News
Credit Suisse challenges M&S’s pensions calculations
[11:00 CET 27-03] UK – Marks & Spencer, the high street chain, is likely to face higher than anticipated pensions liabilities at its next triennial review, according to an analyst at Credit Suisse, as the calculations the firm used to establish its discount rate is substantially higher than its peers ...
-
News
PPM sees info as priority for new Swedish authority
[16:50 CET 26-03] SWEDEN – The development of a new pension authority to cover both the state pension and the Premium Pension savings will be a “golden opportunity to increase knowledge and interest on pensions”, the Premium Pension Authority (PPM) has claimed.
