@Helen_Barnard Before seeing the detail this sounds worrying. Pension funds need to invest to meet liabilities not G'ment aims. Law should make sure they consider all risks and regulation shd make sure they can invest in new structures (eg illiquids), but they shdnt be told what to buy.
3/3 @BlackRock is one way of moving. Hopefully other FMs & industry players will respond. The door is open, who is quick enough and good enough to capitalise? I hope the UK leads, but see this from the US Dept of Labor recently: https://t.co/l6sOEC8MTW). (Hat tip @minerva_ESG)
2/x Important confirmtaion on there being no regulatory problems with "expression of wish". I look forward to full @TheFCA response to TPSVI report. Also imp. move from @BlackRock last week- they will let some clients instruct votes https://t.co/GnIwrkMexN
3/x ... but also hopes for changes in attitudes. Some positions held by incumbents really don't work for 2021 and where pensions need to go. Undoubtedly complex, but UK sust fin sector really should be leading on this.
2/x but biggest thanks to the well over 100 people who engaged with us via interviews, call and consultation. Clear that growing momentum for change in pension scheme voting: new/evolving attitudes, new/evolving products. Taskforce recommends changes in regulation..
1/x Delighted that the taskforce on pension scheme voting implementation report has been released here: https://t.co/AxbueD7Rg1 thanks to Sarah Wilson @minerva_ESG Janice Turner @AmntOrg @lnclements and @Maria_N_Doyle and team @DWP and @GuyOpperman
We've had over 130 responses to the TPSVI survey here: https://t.co/50sjJ1K87z
We know there are more coming so we're extending the deadline until 19th July. Thanks to everyone who has submitted. To everyone else, hurry up and have your say!
Delighted we've already had >60 responses to the TPSVI survey from asset owners, fund managers and advisers. Many thanks. They are are all "having their say about having a say". Survey is here https://t.co/50sjJ1swIZ Make sure your views are heard, deadline is 12th July.
Delighted that @RI_News_Alert published a think piece on the TPSVI survey https://t.co/0BOVveL7Pq I moan about people not speaking on the record, why is that? NB: Free to read (thanks Sophie!) https://t.co/I4QXkVFQYm
I want to flag the survey that TPSVI has put out: https://t.co/50sjJ1K87z We want to views from stakeholders of all kinds on pension scheme voting. Thanks to @lnclements and Sarah Wilson at @minerva_ESG for making it happen. Do it now!