Two councils target net zero, East Sussex buys sustainable equities

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Lambeth and Shropshire pension schemes setting goals for net zero carbon emissions, and the East Sussex scheme investing in a new passive global equity, ex-fossil fuels portfolio.

Activists demand LGPS divestment from factory farming

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Several Local Government Pension Scheme funds have come under pressure from animal rights activists over their exposure to factory farming, facing demands for divestment.

Just two bulk annuity insurers are signed up to UK Stewardship Code


Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.

Access pool appoints illiquids alternatives consultant

News on the go

On the go: The Access pool, which handles £32.6bn in pension assets for 11 Local Government Pension Scheme funds worth a collective £55.6bn, has selected MJ Hudson as its implementation adviser for the pooling of illiquid assets.

Access pool criticised by LGPS board over policy failings


Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.

Border to Coast increases investments in private markets

News on the go

On the go: The £34.6bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective of £55bn, has committed a further £1.2bn to private markets.

Cushon Master Trust hires bond managers

News on the go

On the go: The £1.1bn Cushon Master Trust has appointed Wellington Management and Lombard Odier Investment Managers to handle the bond element of its new investment strategy, which focuses on sustainable investments and is launching in early 2022.

LGPS Central appoints property and investment manager

News on the go

On the go: LGPS Central, which has around £49bn in assets under management on behalf of eight Local Government Pension Scheme funds, has awarded a contract for property and investment management services.