Local authority pension funds are increasingly implementing Responsible Investment, according to research by UKSIF, CIPFA and LAPFF announced today at the Local Authority Pension Fund Forum (LAPFF) Conference. For 75% of local authority schemes, the increasing commitment to Responsible Investment is being driven by the need to protect and enhance fund value.
Four out of five schemes agree or strongly agree that considering long term Responsible Investment is part of their fiduciary duty. However, barriers to implementation remain, with 88% of respondents pointing to lack of time, resources, and competing priorities as significant barriers.
Read the full press release.