Corporate Governance Archives - Page 7 of 14 - Pension Policy International

13MayMay 13, 2022

UK. 12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets. The schemes include the £83bn Universities' Superannuation Scheme; the £57bn BT Pension Fund; Railpen, which manages the £37bn of assets; the £35bn Brunel Pension Partnership; the £55bn Border to Coast Pension Partnership; Nest, which has £24bn; and the £30bn Legal & General Workplace Pension Plan...

May 13, 2022

News2022, Corporate Governance, ESG, Investment, UK

12MayMay 12, 2022

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses on...

May 12, 2022

Books, Investment, Pension Management2022, Aging, Climate crisis, Corporate Governance, ESG

12MayMay 12, 2022

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

By Pension Police Institute & Investments Columbia Threadneedle Columbia Threadneedle Investments has supported The DC Future Book since its inaugural publication six years ago. We are pleased to see that it has become the foremost longitudinal study of the UK Defined Contribution (DC) market we envisaged it to be. This is a special edition indeed – it is the first time that the Pensions Policy Institute has been able to track DC market activity against the backdrop of a major crisis....

May 12, 2022

Books, Investment, Pension design, Pension Management2022, Adequacy, Corporate Governance, Defined Contribution, ESG, UK

12MayMay 12, 2022

UK. 60% of pension funds don’t expect to meet net zero goals

Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed. This pessimistic outlook — disclosed by Create-Research, which surveyed 50 large funds that collectively manage €3.3tn (£2.9tn) in assets — comes despite more than half of those surveyed having either already embedded or are in the process of incorporating net zero strategies into their portfolios. The findings will...

May 12, 2022

News2022, Climate crisis, Corporate Governance, UK

05MayMay 5, 2022

Zimbabwe: Pensioners Lose Billions to Financial Abuse

Zimbabwe´s senior citizens have been getting swindled out of billions of United States dollars and the trend is only getting worse as inflation sinks its teeth deep into their pockets. Read also Kenya. Cash-strapped KBC fails to remit Sh984m in pension This came out during a debate in the National Assembly over the Insurance and Pensioners Amendment Bill. Former finance minister Tendai Biti, contributing to the debate, claimed at least US$9 billion worth of pensioners funds has been lost in the past...

May 5, 2022

News2022, Corporate Governance, Payout, Zimbabwe

28AprApril 28, 2022

The New Corporate Governance

By Oliver D. Hart & Luigi Zingales In the last few years, there has been a dramatic increase in shareholder engagement on environmental and social issues. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand this behavior using the dominant corporate governance paradigm based on shareholder value maximization. We explain how jurisprudence has sustained this criterion in spite of its economic weaknesses. To overcome these weaknesses we propose the...

April 28, 2022

Articles, Investment, Pension Management2022, Climate crisis, Corporate Governance, Equality, ESG, Yields

28AprApril 28, 2022

Environmental, Social and Governance Considerations in Pension Plans

By Paul Williams & Elizabeth Harker Speaking at the United Nations Climate Change Conference ("COP26") in October 2021, the UK Secretary of State for Work and Pensions, Thérèse Coffey, said that pension schemes can become a "superpower" in fighting climate change and propelling the world to net zero. But to what extent does the legal landscape within which pension schemes operate allow them to perform this role, and indeed to what extent should they be performing this role? Here in the...

April 28, 2022

Articles, Investment, Pension Management2022, Climate crisis, Corporate Governance, ESG

31MarMarch 31, 2022

Climate campaigners condemn award to East Sussex Pension Fund

Climate campaigners have condemned the decision to give an award for ‘LGPS [Local Government Pension Scheme] Fund of the Year’ to the East Sussex Pension Fund, saying that the Fund has failed one of the most basic litmus tests for such an award: namely, a public commitment to fully divest from the giant fossil fuel (oil, coal and gas) companies that are driving the climate crisis. The award was bestowed at the ‘LAPF [Local Authority Pension Fund] Investments Awards’...

March 31, 2022

News2022, Climate crisis, Corporate Governance, UK

25MarMarch 25, 2022

Sustainable Investment & Asset Management: From Resistance to Retooling

By Virginia E. Harper Ho Globally, market demand is rising for investment products and practices that take “environmental, social, and governance” (ESG) factors into account, challenging asset managers and capital markets to adapt in new ways. This chapter outlines why sustainability issues are increasingly relevant to mainstream asset owners and asset managers. It then explores the evolving regulatory landscape for sustainable investment in the U.S., focusing on the degree to which it supports or facilitates ESG integration into investment management...

March 25, 2022

Articles, Pension Management2022, Corporate Governance, ESG, US

18MarMarch 18, 2022

Engagement essential for schemes to turn the tide on plastic waste

The role pension schemes play in overcoming plastic pollution is multifaceted, and communicating it with members only adds another layer of complexity, experts warn. Read also Global Pension Asset Values Grow to Record $56 Trillion in 2021 The transition to net zero requires a multifaceted approach over how we use non-renewable materials. Up to 12.7mn tonnes of plastic enter the oceans each year causing damage to marine life and ecosystems, according to the journal Science, and while the scale of the...

March 18, 2022

News, Slider2022, Climate crisis, Corporate Governance

May 2022

UK. 12 pension funds launch EM climate collaboration

Pensions and the green transition: policy and political issues at stake

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

UK. 60% of pension funds don’t expect to meet net zero goals

Zimbabwe: Pensioners Lose Billions to Financial Abuse

April 2022

The New Corporate Governance

Environmental, Social and Governance Considerations in Pension Plans

March 2022

Climate campaigners condemn award to East Sussex Pension Fund

Sustainable Investment & Asset Management: From Resistance to Retooling

Engagement essential for schemes to turn the tide on plastic waste