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Companies should be held to account on CSR says NAPF

Pension schemes and other investors should ensure boards adopt appropriate corporate social responsibility policies, says the National Association of Pension Funds.
In a statement on CSR policy, the NAPF says it does not intend to publish guidelines on the subject similar to those already published on corporate governance.
But the association urges pension scheme trustees to ensure investment managers take CSR into account, and to hold them accountable.
NAPF chief executive Christine Farnish says: “We have been saying for some time that company boards should be mindful of the wider role of the company in society, and that failure to do so could mean serious damage to a companys long term prospects and therefore to shareholder interests.
“This statement goes further. It makes clear that investors have a role to play in ensuring that CSR issues are part of a companys normal business agenda.”


Hogarth poised to set up new company

Former Bankhall chief executive Paul Hogarth is believed to be launching his own business despite still having a consultancy relationship with Bankhall. Premier Mortgage Services managing director John Malone says he will be embark- ing on a business relationship with Hogarth that will run parallel to both parties’ current contractual arrangements with the network. Although […]

Skipton launches new fixed rate mortgages

Skipton Building Society is launching new 3-Year and 5-Year Fixed Rate Mortgages, with rates starting from 4.59 per cent. The two 3-year fixed rates available to October 31 2008 are at 5.19 and 4.59 per cent. The 5-year fixed rate at 4.59 per cent is fixed till October 31 2010. There are no higher lending […]

Probes are useless unless FSA stops making a mystery of KFIs, says BSA

The BSA accepts that firms which have been newly regulated since M-Day are still going through a bedding-down period but says there is confusion in the market over FSA criteria for KFIs. The comments follow an FSA mystery-shopping exercise in August which showed that 55 per cent of lenders and advisory firms did not issue […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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