Stewardship code India: insurers published

The Insurance Regulatory and Development Authority of India (IRDAI) has published a draft stewardship code for insurers in their role as institutional investors managing funds on behalf of policyholders.

The IRDAI said: “Considering the fiduciary role played by the

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Peter Damgaard Jensenof IIGCC

Peter Damgaard Jensen, chief executive of the large Danish pension fund manager PKA has become chairman of the Institutional Investors Group on Climate Change (IIGCC). Jensen took over from Donald McDonald, who has also retired from his post as …

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Pensions Climate Change PLSA

The Pensions and Lifetime Savings Association (PLSA), the membership body for UK’s pension funds, has published its AGM Season Report 2016, focusing on executive pay using data provided by Manifest. A survey of PLSA members for the report …

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Members of the UK’s largest occupational pension fund, Universities Superannuation Scheme (USS) and the National Union of Students (NUS) have demanded an end to investments which breach the UN’s Controversial Weapons Convention, such as cluster munitions and landmines. The …

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RIAA Benchmark 2016

Most of the largest Australian superannuation (super) pension funds are adopting some form of  responsible investment according to a survey by the Responsible Investment Association of Australasia (RIAA).

The RIAA said its  Superfund Responsible Investment Benchmarking Report  involved a detailed …

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David Styles
The UK’s Financial Reporting Council (FRC) has revealed its first Stewardship Code tiering. For the first time, asset manager laggards have been threatened with de-listing; those in the lower tier 3 have been six months to improve.
There are
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(c) Can Stock Photo / stoyanh

Huge response to BEIS Select Committee

The UK’s Parliament’s Business, Energy and Industrial Strategy (BEIS) select committee has reported a larger than usual response to its request for written submissions to its corporate governance inquiry. Responses by the main industry …

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The Principles for Responsible Investment (PRI), The United Nations Environment Program Finance Initiative (UNEP FI) and The Generation Foundation, have published US and UK roadmaps, which set out recommendations to fully embed the consideration of environmental, …

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Theresa May UK PM

UK fund managers members take executive pay reform seriously according to the UK’s Investment Association, which this week responded to the recommendations of the Executive Remuneration Working Group. In its new Principles of Remuneration, the IA suggests that rather …

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UK investment campaign group ShareAction has urged investors to use the binding votes on remuneration policy at BP and Shell in 2017 to ensure the oil majors can demonstrate their commercial strategies are aligned with a move to a low …

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