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Co-op gets social policy role for Nest

Nest has awarded a responsible ownership contract to The Co-operative Asset Management.

It will help Nest formulate policy on environmental, social and governance issues as part of its investment strategy and will work with proxy voting agency Manifest.
Nest chief investment officer Mark Fawcett says: “We believe responsible investment supports long-term value, reduces risk and supports better member outcomes.

“TCAM will help Nest in developing and delivering an effective and dynamic responsible investment approach. It is an expert partner in its field with an excellent track record in exercising responsible ownership.”

Informed Choice managing director Martin Bamford says: “I think it is very sensible for Nest to adopt a socially responsible approach to its investments.”


FSA appoints investment banking senior adviser

The FSA has appointed Lazard & Co vice chairman Will Samuel as an investment banking senior adviser to the regulator. Samuel qualified as a chartered accountant and began his career at Coopers & Lybrand, before working in a number of senior positions at Citigroup, formerly Schroders plc and Schroders Salomon Smith Barney. He starts at […]

State Bank of India to launch residential mortgages in August

State Bank of India has confirmed that it will launch a range of residential mortgages in the UK in August. Money Marketing’s sister title Mortgage Strategy revealed in September 2011 that India’s largest bank was looking at entering the residential sector in 2012, after launching a number of buy-to-let deals through its branches. A spokeswoman […]

IMA figures dismiss the myth of ‘hidden charges’

The Investment Management Association has released research that aims to dispel criticisms over “hidden charges” in investment products. In November, TCF Investment chief executive David Norman published research claiming investors are paying £8bn annually in hidden charges on their investment products. He said fund managers only clearly disclose the investment management component of fund costs […]

MM Profile: Russell Higginbotham

Swiss Re’s chief executive officer for the UK and Ireland has had a cosmopolitan career and believes the UK could learn from Australia on regulation and pensions Interview by Rachael Adams


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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