pension funds Archives

Border to Coast expands ESG voting and engagement scrutiny

Border to Coast expands ESG voting and engagement scrutiny August 16th, 2024 Border to Coast Pensions Partnership is advancing its monitoring of its wider external manager ESG voting and engagement to boost support for ESG resolutions. The pension pool, which pools the investments of Local Government Pension Scheme (LGPS) funds and represents £52.3 billion in […]

Pension schemes too focused on minimum ESG requirements

Pension schemes too focused on minimum ESG requirements August 1st, 2024 The Pensions Regulator (TPR) found that many pension trustees are only delivering on the minimum requirements for the ESG duties. The UK regulator’s Market Oversight: ESG report found that “too many” smaller schemes had opted for minimum compliance with ESG aspects of their statements […]

Judge throws out New York lawsuit against pension funds

A New York judge has dismissed a lawsuit against three pension funds in the New York City Retirement System for violating fiduciary duties.

Pension funds split vote on Musk pay package

Tesla shareholders were split in their vote on Elon Musk’s $55.8 billion pay package, with many US and international pension funds voting against the measure.

Oklahoma advances amendments to controversial anti-ESG law

The Oklahoma legislature has advanced two bills to amend its anti-ESG law, which introduces regulations for state pension systems considering ESG factors in investment decisions.

Pensions not protecting people from climate-related financial risk

Pensions funds are failing to protect their beneficiaries from climate-related financial risk, according to a new report by Sierra Club, Stand.earth, and Stop the Money Pipeline.

Asset managers are failing asset owners on stewardship

Asset managers are failing asset owners on stewardship December 1st, 2023 The UK Asset Owner Stewardship Review has found considerable misalignment and misunderstanding on stewardship issues between asset owners and asset managers. The review is based on findings from the UK Asset Owner Roundtable from asset owners and managers, which including a range of high-profile […]