Tag Archives: ESG
People’s put the boot into “tea and cake” ESG.
For those of us who thought People’s Pension (now Partnership) had no ambition with its £22bn of assets, there is this. The commentary I have read so far suggests that People’s Pension is gunning for State Street – which manages … Continue reading
Surplus to requirements? BP’s $700m tax windfall
The FT has broken tbe story that $700m of the $3bn profits declared for the last three months of 2023 were attributable to a pension tax windfall. The $700m relates to 10% of the $7.9bn surplus in its DB … Continue reading
LCP lays down a marker for the future
LCP has published an open letter to Pensions Minister encouraging her to use the Mansion House reforms to ease inter-generational issues over the future of the planet by getting pensions invested for a purpose. The timing is not great, … Continue reading
A good IGC report from Standard Life – but spare us the “calls to action”!
As you might expect, Standard Life’s IGC report paints a very rosy picture of the value Standard Life savers are getting for their money (the pointer heads right not left). What you mightn’t expect are the calls to action to … Continue reading
BP’s rotten core put self-interest above pensioner promises.
In an open letter to BP Board Chair Helge Lund, BP interim CEO Murray Auchincloss and BP Pension Trustees Chair Brendan Nelson. Alex Kent – a BP pensioner writes A dispute has arisen between BP and defined benefit BP pensioners. The previous bp … Continue reading
Time for Corporate Sponsors to Embrace DB Schemes as ESG Flagships
This post is by William McGrath, formerly CEO of Aga-Rangemaster, now heading C-Suite. He is one of a breed of entrepreneurial leaders who see pensions as a force for good , rather than a millstone around the finance director’s neck. … Continue reading
Sunak’s cynical vote-grab at odds with the purpose of pensions.
Politicians come and go, but pension funds precede and succeed them. The money in them matters, not just to politicians but to the people who benefit from them and the planet they will retire on. Yesterday, the British Prime Minister … Continue reading
Derna – a man-made or natural disaster?
For the people of north east Libya and particularly the town of Derna, discussions over whether their devastation was caused by climate change are of little interest, they are burying their dead. But the debate is live and as people … Continue reading
When ESG doesn’t work
Robert Armstrong’s email this morning is a cautionary tale to those who think that having an ESG strategy is enough. Clearly some ESG strategies are more successful than others. In the hope that Glencore feels some pain from people’s reading … Continue reading
Pension ESG, a new battleground for US culture wars.
Can you sue your pension fund for investing with due consideration to ESG principles? That’s the question being argued in the courts between a group of members of the New York City defined benefit pension fund and their pension scheme. … Continue reading
Posted in pensions
Tagged Cohen & Buckner, ESG, Fiduciary duty, Jeff Mamorsky, New York City, Pensions
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