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Occupational members back ethical lobbying

Three-quarters of occupational pension scheme members believe pension funds should encourage the companies they invest in to behave ethically, according to Friends Ivory & Sime.

Research by NOP on behalf of the fund manager shows 74 per cent of members would like pension funds to use their influence as shareholders to encourage socially responsible business practices.

Of 1,000 members questioned, 74 per cent also said they would prefer pension funds to engage with companies to encourage change rather than avoid investing in companies with a questionable record.

A number of pension funds have already made public statements that they intend to use their influence to push the issue of socially responsible investment up the agenda.

This follows regulations issued in July by the National Association of Pension Funds which require occupational schemes to take account of social, ethical and environmental issues when making investment decisions.

Friends launched a service last year which works with companies to promote social responsibility. It says it is helping 300 institutional clients with £18bn worth of assets.

Director Craig Mackenzie says: “The research shows there is strong demand from pension scheme members for pension funds to respond positively to the recent pension fund social responsibility.”


Move to Dublin escapes review

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NPI and ScotProv sign up for Focus online software

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Knee-jerk surrenders bring calls for cooling-off period

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Investment view

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Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


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