All Stewardship articles
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NewsDC savers need better representation at top level, says Nest board member
ShareAction’s chief executive Catherine Howarth calls for more member representation in DC schemes, while Nest prepares to hold its first “members’ assembly” next year.
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NewsGovernance for Growth seeks to bust myths as Pensions UK lends support
Pensions UK has teamed up with the Governance for Growth Investor Campaign, which is chaired by Railpen and also includes some of the UK’s largest pension schemes.
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NewsChurch of England leads investor coalition plan to raise mining industry standards
The Church of England Pensions Board, along with providers including Legal & General and Royal London, have backed an international collaboration on sustainable mining practices.
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NewsAvon to survey members over aerospace and defence investments
Around 20,000 members of the Local Government Pension Scheme fund will be polled next month after months of campaigning.
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NewsRailpen launches AI governance framework for investors and companies
Railpen has teamed up with Chronos Sustainability to translate principles for the responsible use of artificial intelligence technologies into an investor-ready assessment and engagement tool.
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NewsPension funds urge positive collaboration with policymakers on market reform
Pension investors responsible for a collective £150bn in assets are seeking to engage positively with policymakers to ensure shareholder rights are protected in capital markets reforms.
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NewsBorder to Coast to vote against BP over weakened climate targets
The LGPS pool plans to vote against the re-election of several board members at the oil giant’s forthcoming annual general meeting.
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NewsPLSA rolls out new vote reporting standards for asset managers
The PLSA has unveiled a substantial update to its Vote Reporting Template at its Investment Conference in Edinburgh, aiming to cut costs and improve transparency in stewardship.
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NewsThe People’s Pension awards £28bn in mandates
Amundi and Invesco have been awarded major equity and fixed income mandates, replacing State Street, for much of the master trust’s assets.
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Trustee body slams UK Stewardship Code changes as ‘unacceptable’
The Association of Member Nominated Trustees has criticised the FRC for what it deems the “emasculation” of a key principle of the existing UK Stewardship code.
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NewsLGPS Central takes on £11bn in passive mandates
LGPS Central now runs more than £43bn on behalf of its partner funds, as the government seeks to accelerate pooling and expand the services offered by the pools.
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NewsPension funds lobby against ‘unfair’ share structures
Some of the UK’s biggest pension schemes are stepping up their action against companies with dual class share structures, arguing that these are “diluting shareholders’ ability to influence portfolio companies”.
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NewsRailpen leads bondholder stewardship group
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of a new bondholders’ stewardship working group, the adoption of a formal ESG policy by BlackRock’s LifePath UK DC investment strategy, and a new global standard for stewardship resourcing.
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NewsBorder to Coast appoints Robeco for voting support
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
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NewsRailways Pension Scheme manager updates voting policy
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.
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NewsNine new pension funds sign up to UK Stewardship Code
On the go: HSBC Bank (UK) Pension Scheme, Royal Mail Pension Plan, and the NatWest Group Pension Fund are among the nine new pension schemes that have successfully signed up to the UK Stewardship Code.
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NewsCalls for stewardship code to engage members as well as managers
On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.
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NewsOpperman to lead task force on ‘social factors’ in ESG
Pensions minister Guy Opperman has announced the creation of a task force to aid trustees with monitoring data and international reporting developments as they pertain to the “S” in environmental, social and governance considerations.
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NewsSchemes urged to adopt guide for tackling deforestation
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new guidance for pension schemes to tackle deforestation, and research showing engagement improved with the Stewardship Code.
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NewsSPP warns of covenant ESG risk, Scottish Widows issues ultimatum
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Society of Pension Professionals’ new guide to ESG, and Scottish Widows’ stewardship demands of its asset managers.