UK pension schemes are set to sharpen their focus of fund managers’ voting and engagements with investee companies, after a recent government taskforce highlighted the need to strengthen trustees’ voting rights.
UK pension schemes will face challenges in reporting the climate impact of their investments, says the investment industry as The Pensions Regulator closes a consultation on its draft guidance for Task Force on Climate-related Financial Disclosures (TCFD)-aligned reporting.
The Financial Conduct Authority (FCA) has received a total of 2,754 separate allegations of misconduct, including fraud, money laundering and compliance complaints, according to official figures.
The market for ESG investing in the UK will come under greater scrutiny from the Financial Conduct Authority (FCA), according to a new business plan published by the regulator.
The FCA’s review into Assessment of Value Reporting (AoV) will make it significantly more difficult for fund groups to justify high fees during periods of underperformance.
A new study from the Pensions Management Institute (PMI) and BMO Global Asset Management finds that, as ESG has risen to the top of pension trustees’ agendas, most trustees are relying on investment consultants for their schemes’ adherence to sustainability goals.
The Pensions and Lifetime Savings Association (PLSA) has commented on the Government’s intention to extend the Taskforce for Climate Related Financial Disclosures.
Regtech industry experts have spoken out in support for the FCA’s recent call for ‘purposeful’ AML controls and financial fraud action.
Financial services firms have planned to move an estimated GBP1.3 trillion in assets from the UK into the EU since the Brexit referendum, according to the latest estimates from EY’s Financial Services Brexit Tracker.
There are now only 30 days left for Irish-domiciled UCITS, structured as SelfManaged Investment Companies (SMICs), and Internally Managed AIFs to finalise and approve their action plans detailing how they will address the substance requirements set out in the Central Bank of Ireland’s Letter of 20 October 2020.