Investment Archives - Page 69 of 149 - Pension Policy International

29JunJune 29, 2023

UK pension funds still holding £88bn in fossil fuels, despite increased climate commitments

UK-based pension schemes have more than £88bn invested in fossil fuel firms, the equivalent of £3,000 per pension policyholder. That is according to Make My Money Matter, which has analysed the fossil fuel investments of more than 50 of the nation’s largest pension schemes. Most of these schemes have net-zero targets but are yet to completely stop investing in fossil fuels. While some fossil fuels are likely to be used in a net-zero world, Net-Zero Tracker recently confirmed that no major...

June 29, 2023

NewsClimate crisis, ESG, Investment, UK

28JunJune 28, 2023

U.S. Treasury partners with CDPQ, managers on sustainable investing

The U.S. Treasury has partnered with Canadian pension fund CDPQ, asset managers Natixis Investment Managers and Ninety One, the Rockefeller Foundation and others to accelerate pension fund and other institutional investment in emerging and developing countries over the next three years. In particular, the new partnership will focus on investing in energy transition and sustainable infrastructure, and will be led by the Investor Leadership Network, according to a statement from U.S. Treasury Secretary Janet Yellen. "Today, we are proud to announce...

June 28, 2023

NewsCanada, ESG, Investment, US

26JunJune 26, 2023

Alternative funds expect surge in pension inflows

A new study conducted by Ocorian, a global leader in entity administration and alternative fund services, reveals that alternative fund managers are anticipating a significant increase in inflows from pension funds over the next 18 months. The research, which surveyed 100 alternative fund managers across the United Kingdom, United States and Europe, indicates that 36% of respondents expect a dramatic rise in investments from pension funds, while an overwhelming 87% predict an overall increase in inflows into alternative investments from...

June 26, 2023

NewsEU, Investment, UK, US

26JunJune 26, 2023

CEO of Malaysia’s largest pension fund warns body could divest from companies not committed to ESG goals

Even as Malaysian firms are encouraged to take a step-by-step approach towards achieving environmental, social and governance (ESG) compliance, they should not be disregarding ESG issues, or this could put them at risk of having the country’s largest pension fund withdraw its investments. In one of his strongest warnings issued to-date, Datuk Seri Amir Hamzah Azizan, chief executive of Malaysia’s Employment Provident Fund (EPF), said the fund will divest from companies not committed to ESG goals. Speaking at a session on...

June 26, 2023

NewsClimate crisis, ESG, Investment, Malaysia

20JunJune 20, 2023

The politicisation of investments at US public funds

By Amanda White with Sarah Rundell The attempts by multiple Republican states to restrict where US pension funds can invest is symptomatic of bad governance. Top1000funds.com takes a deep dive into the quagmire of US state pension funds to assess the impact of partisan politics on the ability of CIOs to do their jobs. The analysis highlights the need for improved practices around delegated authority to prevent the politicisation of investments. So much has been written about the rise and fall...

June 20, 2023

News, OP Ed, Op-EdESG, Governance, Investment, US

19JunJune 19, 2023

UK. Fifth of savers want oil excluded from their pensions

A growing number of pension savers would like to see the oil sector completely excluded from their pension fund's investments. Some 21 per cent of pension savers say they want oil to be axed from their pension, according to a survey from online pension provider PensionBee. This has jumped from 15 per cent of pension savers last year. Alongside oil, the main investments people want excluded from their pensions are companies contributing to deforestation, habitat destruction and predatory lending. Pension savers also believe...

June 19, 2023

NewsClimate crisis, Investment, UK

16JunJune 16, 2023

Shareholder ire takes shine off stock rally for Toyota chairman

The biggest rally in three years for Toyota has shown how a well-timed campaign to promote the carmaker’s EV strategy can pay off, but a dip in support for Chairman Akio Toyoda at a shareholders meeting serves as a reminder of the perils of drawing investor ire. A 13% rise in Toyota’s stock added ¥4.4 trillion ($31.4 billion) in market value this week, after the company shared details of how it plans to catch up in the global shift to...

June 16, 2023

NewsCorporate Governance, Investment, Japan

14JunJune 14, 2023

US. GOP bill aims to block ERISA plans from funding firms linked to U.S. adversaries

Rep. Jim Banks, R-Ind., introduced a bill to block ERISA-governed retirement plans from making new investments in companies controlled by or based in Iran, North Korea, Russia and China. "Several states, including my home state of Indiana, divested their pension funds from China, but federally regulated ERISA plans continue to fund firms that are building up the People's Liberation Army, stealing U.S. intellectual property and participating in the Uyghur genocide," said Mr. Banks, who serves on the Select Committee on...

June 14, 2023

NewsInvestment, Regulation, US

14JunJune 14, 2023

Akio Toyoda reelected Toyota chairman despite pension funds’ governance concerns

Toyota Motor weathered an unprecedented showdown with investors at its annual general meeting on Wednesday as shareholders approved former President Akio Toyoda's nomination to the board and rejected a proposal demanding better disclosure on climate lobbying activities. Proxy advisers, U.S. pension funds and European asset managers criticized the automaker's insufficient corporate governance and environmental efforts, heaping pressure on a fledgling management team already facing intensifying industry competition in electric vehicles. "The new management is able to get to a start thanks...

June 14, 2023

NewsCorporate Governance, Investment

09JunJune 9, 2023

Prepare for a longer period of volatility, pension fund CIOs warn

Investors will need to deal with a volatile investment environment for longer than previously anticipated, pension fund CIOs said in a panel discussion. Speaking at the Pensions and Lifetime Savings Association's annual investment conference in Edinburgh on Tuesday, Wyn Francis, CIO of Brightwell, said markets are "less than helpful" when it comes to the investment outlook right now. "We are more likely to stay in a volatile period for a while," he said. Brightwell manages assets for the £47 billion ($58.5...

June 9, 2023

NewsInvestment, Returns

June 2023