ESGRSS

Railways Pension Scheme manager updates voting policy

News on the go

On the go: Railpen, the manager of the £35bn Railways Pension Scheme, has introduced new voting policies on cyber security, climate transition and biodiversity, and mental health for its 2023 annual meeting season.

Inflation is main concern for DB trustees and sponsors

News on the go

On the go: Inflation and monetary policy represent the key concern for three-quarters (74 per cent) of pension trustees and their sponsors over the next six months.

Nest plans boardroom overhaul in diversity drive

Brendan McCafferty

Nest is recruiting for three new non-executive directors as it attempts to improve the diversity of its board, the master trust’s chair has told Pensions Expert.

Value over cost emphasised in new DC illiquid investment guides

News on the go

On the go: Defined contribution scheme trustees are being encouraged to shift their focus on illiquid investments from cost to value, in a series of guides published by the Productive Finance Working Group.

FCA to establish code of conduct for ESG data and ratings providers

News on the go

On the go: The Financial Conduct Authority will establish a voluntary code of conduct while it awaits further action from the Treasury.

Timing and flexibility concerns raised over LGPS climate reporting

Storyblocks

The pensions industry has expressed its concerns to the government over proposals surrounding new requirements for Local Government Pension Scheme funds to produce climate risk reports, citing fears over the timescale imposed and a lack of flexibility.