More ESG news – Page 285
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News
Montae signs up to governance research venture
[17:10 CEST 16-09] NETHERLANDS – Montae, the Dutch pensions consulting and law firm, is working with the Corporate Governance Insights Centre of the University of Groningen (RUG) to help pension funds define good fund governance.
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Swedish buffer funds exclude cluster bomb investment
[16:15 CEST 15-09] SWEDEN – Four AP-funds have agreed to divest from companies involved in the manufacture and sale of cluster munitions following a recommendation by the Ethical Council of the Swedish National Pension Funds.
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NewsBonus focuses on SRI in 'dark times'
[14:00 CEST 11-09] AUSTRIA – The smallest of the Austrian multi-employer pension funds is upping its sustainability investments in a year which the new chairman at Bonus Pensionskasse, Peter Deutsch, describes as 'rather dark'.
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News€9.8bn PGB extends SRI portfolio
[14:15 CEST 10-09] NETHERLANDS – The €9.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) has awarded a €60m social responsible investment (SRI) mandate to asset manager Threadneedle.
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NewsNorway excludes Rio Tinto over environmental damage
[13:30 CEST 09-09] NORWAY – The Norwegian Government Pension Fund – Global has withdrawn NOK4.84bn (€604m) investment from Rio Tinto over concerns it is causing "severe environmental damage" through a joint mining operation in Indonesia.
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Irish Bill to stop pensions investment in cluster bombs
[13:00 CEST 09-09] IRELAND – The Irish government has drafted a new Bill on investment in munitions such as cluster bombs that will specifically change the investment policy of the National Pension Reserve Fund (NPRF).
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Environment Agency's SRI drive boosted by equity awards
[16:00 CEST 08-09] UK – The Environment Agency's £1.5bn (€1.9bn) Active Pension Fund has awarded three new global equities mandates following the termination of contracts by State Street Global Advisors (SSGA) and Capital International.
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NewsEuropean investors excluded from US class action
[14:15 CEST 08-09] EUROPE – A US federal judge has ruled institutional investors in France, the Netherlands and UK should be wholly or partially excluded from a US class action against French transportation manufacturer Alstom SA.
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News
Reforms to close two-thirds of small firm pensions
[15:15 CEST 05-09] UK – Over 60% of small employers believe the introduction of personal accounts and auto-enrolment will lead to an increase in the closure of existing schemes, according to the Association of Consulting Actuaries (ACA).
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SWFs agree governance and investment rules
[16:45 CEST 04-09] GLOBAL – The Sovereign Wealth Funds (SWF) International Working Group (IWG) has reached a "preliminary agreement" on a set of voluntary practices and principles to be presented to the International Monetary Fund (IMF) in October.
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News
Pension funds far from banning the bomb
[16:25 CEST 04-09] NETHERLANDS – The Dutch Campaign Against Arms Trade (CtW) pressure group has lashed out at claims suggesting pension funds in the Netherlands are radically excluding the weapon industry from their investment portfolios.
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News
Romanian regulator warns BT Aegon over pensions marketing
ROMANIA – The Comisia de Supraveghere a Sistemului de Pensii Private (CSSPP), the regulator for private pensions, has issued a written warning to the BT Aegon Fond de Pensii S.A for failing to inform the regulator about the "illegal actions of their sales force".
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News
Pension bodies oppose pensioners’ increased say
[14:00 CEST 26-08] NETHERLANDS - Pension fund representative organisations say they are disappointed to discover MPs have put forward a ‘hidden’ element of proposed legislation which would give pensioners increased say in pension schemes’ governing bodies.
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News
Cluster bombs force ethical change at Danica
[12:30 CEST 21-08] DENMARK – Danica Pension, the DKK241bn (€32.3bn) pensions arm of Danske Bank, is planning to roll out a new ethical investment policy from the end of next month, IPE has learnt.
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Value transfer communication needs improving - AFM
NETHERLANDS - The Dutch Financial Markets Authority (AFM) has warned pension providers need to improve their communications to individuals about pension participants’ rights when they move jobs.
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Trustees must 'vet' buyout firms on future reliability
[11:00 CEST 19-08] UK – Trustees and scheme sponsors need to set clear objectives and conduct "thorough due diligence" on buyout firms when looking to reduce pension risk to avoid "costly errors", Mercer has warned.
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PGGM begins push for fund's clients
[16:15 CEST 18-08] NETHERLANDS – PGGM, the asset manager of the giant Dutch health care pension fund PFZW, today announced it is to begin marketing saving products directly to its pension fund’s client base.
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Buyouts and future of DC top trustee worries
[14:00 CEST 18-08] UK – Pension buyouts and the future of defined contribution (DC) schemes are the biggest concerns for pension fund trustees, research from Aberdeen Asset Managers has revealed.
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News
PPF enhances its own ESG strategy
[16:45 CEST 13-08] UK – The Pension Protection Fund (PPF) has appointed F&C Investments to offer advice on responsible investment and provide voting and engagement services.
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News
GM and Deloitte to pay $300m settlement
[16:55 CEST 12-08] GLOBAL – US car manufacturer General Motors Corp and its auditor Deloitte & Touche have agreed to pay institutional investors, including pension funds, $303m (€202m) as settlement to a securities class action suit.
