Premier League football champions Manchester United and football’s governing body, The Football Association (FA), have attained the National Association of Pension Fund’s Pension Quality Mark (PQM) PLUS and PQM for their pension schemes, respectively. Manchester United’s £578m Group Pension Scheme has around 6000 active members, while the FA scheme has some 530 savers.
Meanwhile, the Pension Quality Mark is to explore adding default funds to its list of criteria applicants and existing holders of the badge have to meet. Options include that the governing body in a DC scheme makes regular checks on: suitability of the default investment option for members; investment performance of the default fund and charges; quality of communications; and level of support available to members not investing in the default.
A report by the UK Sustainable Investment and Finance Association (UKSIF) has found impact investing, where a measurable social and/or environmental impact is generated alongside a financial return, is developing rapidly across the investment community and all economic sectors. The report found strong UK and EU policy support and a range of different investment vehicles, from loans and equity to bonds and presented regulatory and other barriers to the sector.
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