mast image

Special Report

Impact investing

Sections

UK considers core SRI role for national scheme

The UK government is considering putting long-term socially responsible investing (SRI) at the heart of the proposed National Pensions Savings Scheme, an official has said.
Asked about the role of SRI in the NPSS, Peter Askins, head of policy on pension fund trustees and scheme administration at the Department for Work and Pensions, said: “We hear what you say, watch this space.”
“Obviously we are looking at all design options.”
He praised the SRI credentials of his boss, pensions reform minister Stephen Timms, saying he has an “understanding of the issues in play”.
Timms said there was a change in the public mood about SRI, saying it was “not only about doing good but about doing well”.
But he noted some resistance to SRI among pension fund advisers, although certain public funds, such as the Universities’ Superannuation Scheme were “pioneering a trail others will want to follow”.
And he said a recent report by law firm Freshfields would help to clarify ideas about fiduciary responsibility and ethical investing.
They were speaking at a presentation organised by Insight Investments’ to mark the publication of a book called ‘Responsible Investment’ - edited by Insight’s Rory Sullivan and Craig Mackenzie.
Askins told the meeting that despite all the progress on SRI, the intellectual argument had not yet been won. “They have yet to be convinced intellectually that it is worthwhile,” Askins
said of some in the investment community.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<