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  • LGPS Investment Guidance: Responsible Investment Push Welcome, But Rules Still Too Prescriptive

    10 January 2017

     LGPS Investment Guidance: Responsible Investment Push Welcome, But Rules Still Too Prescriptive 

    The Government says:

    • LGPS funds should have a policy to consider financially material factors, including where these arise from environmental, social and corporate governance factors.
    • Funds should explain the extent to which non-financial factors are considered.
    • The fund’s approach to social investments should be explained.
    • Funds should not pursue policies that are contrary to UK foreign policy.
    • The Secretary of State has a new power of Direction to intervene in funds’ investment policies.

     

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