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Pension fund goes green

One of Britain&#39s biggest pension funds is going green.

The Universities Superannuation Scheme has bowed to pressure from senior academics whose pensions are paid by the fund, to be more active on ethical issues.

The fund controls £20bn assets and will use specialist researchers to confront companies over their social and environmental records.

Their research will help fund managers pressing for the adoption of “best practice” on ethical issues in companies.

Attempts to embrace these issues may lead to USS selling shares in companies which refuse to clean up. But USS chief executive David Chynoweth, said: “We are more concerned to influence the way companies do things.”


CA calls for Barclays to compensate customers

The Consumers&#39 Association has called for pay-outs to be made to ex- Barclays Bank mortgage borrowers.The watchdog believes customers may have been unfairly stung with big penalties for surrendering loans early. NatWest has repaid cash to 7,000 ex-customers hit with high charges for surrendering mortgage deals early.CA principal money researcher Neil Walkling, said: “Some of […]

NCC call for clarity

The National Consumer Council is calling for greater transparency from financial services companies when they collect website user&#39s personal data.In a report the NCC said all websites should show easy-to-understand statements on their collection and tracking practices to protect the consumer privacy.The watchdog is asking for comments on the report by March 2000 and ultimately […]

AIM hits the mark with stockmarket growth

London&#39s Alternative Investment Market has been the best-performing stock market in the world so far this year, according to London stock market figures.Aim&#39s value increased by 130 per cent between the start of the year and the end of last week. It says growth was underpinned by the widely reported surge in private investment in […]

Skipton fights carpetbaggers

Skipton Building Society have made a move in the war against carpetbaggers by raising its minimum account levels.The beleaguered building society is more than doubling the minimum opening balance on its savings accounts from £2,000 to £5,000.The society has been targeted along with Chelsea and Portman building societies, by, the website aiming to end […]


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