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Pension industry faces ethical challenges

Socially responsible investment will top City and business agendas according to PricewaterhouseCoopers.

New pensions legislation introduced on July 3 coupled with Government-proposed reforms of UK company law are prompting the move.

All UK private sector pension funds will be legally obliged to consider SRI and voting rights as part of their overall investment policy as of Monday July 10. Trustees will also have to ensure funds disclose whether they take account of the environmental, social and ethical impact of their investments.

The DTI’s Company Law Review will propose listed companies report on their policies and social and ethical issues and include the findings in their annual report.


Lynx shares fall in value

Shares in the software company Lynx plummeted nearly 15 per cent to 144.5p from 166p yesterday after rumours of a drop in full-year profits. The company blames lack of demand and steep development costs for the likely shortfall in original predictions. Pre-tax profits are now expected to be closer to £11m instead of £14m as […]

Is stakeholder a new breakthrough?

Anyone who has sat through Steve Bee&#39s marvellously witty but eruditeconversations about pensions cannot fail to have spotted that this is anarea where no idea quite works out as originally intended.They may start with every intention of opening up the market in a new andexciting way to reach the unpensioned and offer new opportunities foreasier […]

Woolwich – Open Plan 3.55 Per Cent Discount For 2 Years

Tuesday, 7th November 2000.Type: Discounted-rate flexible mortgage.Discounted term: Two years.Discount: 3.55 per cent.Payable rate: 4.2 per cent.Minimum loan: £1,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: 3.25 times principal income plus second or 2.5 times joint.Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.Arrangement fee: £195.Redemption fee: […]

Portillo keeps his cards close

The annual general meeting of the Centre for Policy Studies is a grandaffair. The great and the good turn up to salute a thinktank that has beenat the heart of Conservative thinking for 25 years. The guest speaker has agilt-edged opportunity to lay out fresh Tory thinking and to be guaranteedextensive media coverage.So why did […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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