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  • HSBC pioneers ESG in DC with £1.85bn multi-factor fund

    9 November 2016

    Angus Peters, Pensions Expert

    The HSBC Bank UK Pension Scheme has selected a multi-factor fund with a tilt towards low-carbon businesses as the equity component of its default offering, a switch that will see £1.85bn of defined contribution savers’ money invested in line with green principles.

    Environmental, social and governance factors have moved up the trustee agenda recently. The UN’s Paris Agreement came into force last week, and the Pensions Regulator’s DC guides now demand consideration of the risks relating to ESG practices.

    Full article.

     

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