More ESG news – Page 290
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News
Fair-Finance BVK expands into funds
[14:00 CEST 15-04] AUSTRIA – Fair-Finance, the company launched by former Bonus pension fund head Markus Zeilinger, plans to offer sustainable investment funds and insurance products in the future, alongside the already-announced severance pay fund.
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NewsDWP finalises CETV regs
[16:15 CEST 14-04] UK – The Department or Work and Pensions (DWP) has published the final regulations relating to the calculation of cash equivalent transfer values (CETVs).
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NewsUnion federation says yes to pensions deal
[16:10 CEST 14-04] AUSTRIA – The 1,200 employees of the union federation ÖGB agreed to plans by the management to start funding pension liabilities.
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NewsPension Corporation agrees to TPR approval
[15:30 CEST 14-04] UK – Pension Corporation has agreed to abide by a proposal from The Pensions Regulator (TPR) stating it will not appoint a member of the firm as a trustee of the Telent pension scheme, without first gaining approval from the Regulator.
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Tube engineers threaten strike over pensions
[15:15 CEST 14-04] UK – Metronet staff have voted in favour of strike action, over a lack of certainty about future pension arrangements once the business is transferred to Transport for London (TfL).
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NewsPension bodies move towards "federation"
[13:05 CEST 10-04] NETHERLANDS - VB, OPF and UvB, the Dutch pension fund lobbying organisations, have agreed to intensify their cooperation – a move which may result in the creation of a “federation”.
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VastNed forced to reconsider takeover
[11:30 CEST 10-04] NETHERLANDS - VastNed Retail, the €1.8bn property fund, has been forced by majority shareholders, such as pensions investor PGGM, to re-consider its initial refusal to a takeover bid.
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Carnegie explores legal action against former board
[15:00 CEST 08-04] SWEDEN - Carnegie's shareholders, which includes the First Swedish National Pension Fund (AP1), have voted against discharging the former board and chief executive from liability relating to the overstatement of trading positions, and provided the current board with an opportunity to take legal action.
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News
PGGM and ABP to disclose investments
[[11:30 CEST 07-04] NETHERLANDS - The two large Dutch pension funds, ABP and PFZW, will in future disclose all of the investments they hold.
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News
Unilever to close its Danish DB fund
[16:00 CEST 04-04] DENMARK - Unilever’s Danish subsidiary is closing its in-house pension fund operation next month, and the entire scheme is being outsourced to financial services group Nordea, according to the fund’s manager.
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First cross-border scheme set for launch
[16:45 CEST 03-04] GLOBAL – The global cross-border pension scheme will begin operating from September 1 this year, to give employees of a US multi-national access to pension benefits through a single plan arrangement.
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Royal Mail faces fresh 'pensions' strike threat
[17:05 CEST 02-04] UK – Union officials at the Communication Workers Union (CWU) say fresh industrial action could be taken unless Royal Mail goes back to the discussions tables about changes to its pension schemes.
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News
Shareholder rights still lacking in China - report
[16:30 CEST 02-04] CHINA - China’s emergence as an investment destination for foreign investors has coincided with a boom in the country’s domestic equity markets, but with the ‘A’ shares market now 40% off its peak level, questions are being raised about transparency of reporting and lack of protection for ...
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News
Hermes pushes shareholder role to change board
[16:30 CET 01-04] EUROPE –Hermes Focus Asset Management is attempting to replace the executive board of a Dutch technology chip manufacturer with a completely new team, for failing to achieve promised profitability.
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News
Swiss ethical investing up 67%
[12:30 CET 28-03] SWITZERLAND – The Swiss sustainable investment market reached a volume of CHF30bn per end of December 2007, an increase of 67% over the whole of the year, according to a new study.
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News
Institutions in arms against VDM changes
[16:50 CET 25-08] NETHERLANDS – Major pension funds ABP and PFZW today said they have demanded securities trading firm Van der Moolen (VDM) withdraw its increase to the threshold at which shareholders can put issues on the company's agenda.
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Pension funds called to review investment uncertainty
[16:30 CET 20-03] EUROPE – Pension fund officials are being encouraged to "explore their sustainable investment beliefs" in a bid to prevent uncertainty about the potential performance of their portfolios.
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'Lacking conventions' limits Swedish SRI practice
[16:30 CET 13-03] SWEDEN – The Swedish government’s observer status in international conventions to stop the production of arms such as cluster bombs hinders the AP buffer funds from excluding companies linked to such arms production from their portfolio.
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News
71% of schemes are not environmentally active
[13:00 CET 13-03] UK – More than 70% of pension schemes do not actively pursue environmental issues, research from eShare has revealed.
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News
PGB starts SRI portfolio with green entry
[15:30 CET 12-03] NETHERLANDS – PGB, the €10bn pension fund for the printing industry, has placed €25m in renewable energy, as the opening investment of a socially-responsible investment (SRI) portfolio.
