– The National Association of Pension Funds (NAPF) has called for large scale, good quality trust-based pension schemes to help savers with small pension pots get better outcomes as automatic enrolment will likely increase the number of “stranded” small pots.
– In the latest Sustainable Stock Exchanges: A Report on Progress 76% of stock exchanges acknowledged their responsibility to encourage corporates to report on sustainability issues, a reassuring sign ahead of Rio+20, and a 5% increase on 2010.
– F&C’s Responsible Investment Report 2011 revealed it engaged with and voted on all companies in its client portfolios. It supported management in 76% of proposals, up 4% from 2010, but took a harder line on pay having
abstained on 4% more pay proposals in 2011 (20%).
– The Local Authority Pension Fund Forum has welcomed James Murdoch’s decision to step down as chair of BSkyB. Pensions & Investment Research Consultants (PIRC) called for his complete departure from the board and
said it would “find it hard” to support his future re-election.
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