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Railpen launches voting coalition, BlackRock expands client voting

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Railpen announcing a pushback against “unequal voting rights” and BlackRock giving its pension clients more say in how they take part in shareholder votes.

TPR to review initial TCFD reports

News on the go

On the go: The Pensions Regulator will review schemes’ published Task Force on Climate-related Financial Disclosures reports in the coming months, it has disclosed.

Nearly a third of DB trustees think net zero ‘isn’t relevant’

News on the go

On the go: Thirty per cent of defined benefit pension trustees think efforts to push their schemes towards net zero emissions “isn’t relevant to them”, according to new research.

BMW disputes inclusion on Make My Money Matter net zero target list

Krisztian Bocsi/Bloomberg

BMW has contested its inclusion on a list of the UK’s 20 largest pension schemes to have allegedly not set net zero targets.

London Pensions Fund Authority launches transparency dashboard

News on the go

On the go: The £6.9bn London Pensions Fund Authority has launched a transparency dashboard in partnership with fintech company Tumelo that displays a breakdown of its equity investments.

TPR predicts improvements in funding levels

Chris Ratcliffe/Bloomberg

Pension schemes with recent valuation dates are expected to achieve improved funding levels, the Pensions Regulator has predicted, while many schemes in deficit should be able to maintain or reduce deficit repair contributions.

Pension fund focus on ESG opens questions over insurer back books

GettyImages/Leon Neal

Billions of assets purchased by insurers to back UK retirement promises have the potential to drive corporate progress on issues such as climate change, and pension fund trustees are now indicating a willingness to pay extra for better stewardship.