Master trust Nest is ahead of the curve when it comes to environmental, social and governance considerations, and while other schemes are catching up, there is still a lot of progress to be made.
Investment Association in push for more black fund managers
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June 14, 2019
On the go: The Investment Association is leading a drive to recruit more black fund managers, after a new report revealed the poor extent of black representation in the industry.
Nest to divest all tobacco holdings
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June 13, 2019
On the go: Nest is to sell all its tobacco shares, the master trust has announced, as it warned of impending regulatory backlash against the sector.
Fate of Arcadia on a knife edge
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June 12, 2019
On the go: A crucial vote takes place today on a rescue package for Sir Philip Green’s beleaguered Arcadia Group.
Trustees face tougher ESG disclosure rules from 2020
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June 7, 2019
On the go: Regulations have been laid in Parliament today that impose tougher disclosure rules for trustees on their stewardship and engagement policies.
Trustee fined for tardy transfer and reported to TPR
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June 7, 2019
On the go: The Pensions Ombudsman has upheld a complaint against the trustee of the Commando 2012 Pension Scheme for failing to a pay a transfer payment within the statutory time frame.
Rolls-Royce and L&G complete record £4.6bn deal
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June 6, 2019
On the go: Rolls-Royce has completed a partial buy-in on the way to buyout in excess of £4.6bn, securing the benefits of around 33,000 members of the Rolls-Royce UK Pension Fund.
Arcadia future hangs in balance as crucial vote delayed
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June 6, 2019
On the go: Sir Philip Green’s Arcadia Group postponed a creditors’ meeting until June 12, after the floundering company failed to secure sufficient initial support from landlords.
ESG risks could mean shallow returns for fish farming investors
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June 5, 2019
On the go: Climate change could cripple the $230bn (£182bn) aquaculture industry, posing a hazard to pension fund investors, a new report by the Farm Animal Investment Risk and Return Initiative has revealed.
More than £90bn saved in workplace pensions in 2018
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June 5, 2019
On the go: Auto-enrolment continues to motor ahead with £90.4bn saved in workplace pensions last year, up £7bn from 2017, according to recent figures published by the Department for Work and Pensions.