article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

This followed the final report of the Productive Finance Working Group, formed by HM Treasury, the Bank of England and the Financial Conduct Authority to encourage more investment in long-term less-liquid assets, widely seen as offering a wider range options for investors looking to support the low-carbon transition.

article thumbnail

This Week’s People Moves: Simpson Steps Down as CDP CEO

Chris Hall

Mark Allison , Leader of Merton Council, and Sophia Morrell , a Director at UK Finance, a trade association for the UK’s banking and financial services industry, have been appointed to the London Pensions Fund Authority (LPFA) Board. The LPFA will publish its net zero plan this September, having made a net zero commitment in September 2021.

CDP 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stewardship Nears Breaking Point

Chris Hall

A recent Financial Conduct Authority (FCA) discussion paper asked for feedback on possible regulatory change needed to support collaborative engagement and systemic stewardship, while the Financial Reporting Council is due to lead a review of its Stewardship Code. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)

article thumbnail

Take Five: US AGs Cast a Long Shadow

Chris Hall

A letter to insurers from US state attorneys-general could have broad implications for the finance sector’s coordinated efforts to support net zero goals. None explained their actions (unlike Munich Re , which left in March); all committed to pursuing net zero goals individually. End of the line? –

article thumbnail

Keeping Up with the Neighbours 

Chris Hall

The country is also upping its game on stewardship, with New Zealand’s inaugural Stewardship Code launching last year with 17 signatories, says Simon O’Connor outgoing CEO of RIAA. “The Code was developed collaboratively by the industry and responds to our unique context in New Zealand,” he says.