FairPensions have published their latest survey (league table) on responsible investment for the top 30 British pension schemes. These schemes have nearly 5 million members and an estimated £351 billion of asserts.
The performance of the bottom 10 appears to be pretty awful. Check out the FairPensions website which “names and shames”.
As a UNISON pension activist I am particularly concerned that the Transport for London (TFL )scheme is apparently joint 19th out of 30 while the E.ON electricity scheme is 25th!
It is noticeable that the top schemes are usually signatories to the UNPRI while from 11th-30th they are all non-signatories.
This is all serious stuff since we need to make sure that all our pension schemes are run in a responsible and transparent manner.
Bank pension schemes (now mainly owned by the government) have also performed relatively badly. No great surprise there I suppose.
It is simply wrong that the bottom 5 schemes did not participate in the survey (see below). FairPensions is an established player in the governance field who should have been treated with respect. The question will be asked rightly or wrongly - what have these pension schemes got to hide (apart from poor governance)?
Coal Pension Trustees Pension Schemes
IBM Pension Scheme
Unilever UK Pension Fund
BAe Systems Pension Scheme
Lloyds TSB Group plc Group Pension Scheme
2 comments:
No public sector pensions on this list then. No surprise then
Hi anon
Wakey, wakey comrade – a number of the best run funds are in the public sector but of course bottom of the list is the new publically owned and public sector - Lloyds Bank!
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