Michael Kilmes 26 June
The Law Commission has called on the government to clarify investment rules which can make it hard for schemes to make socially responsible investments.
The report called Pension Funds and Social Investment, published last week, is in response to the government’s request for the commission to look at how far pension funds may consider issues of social impact when making investment decisions.
These ideas build on and update ones made three years ago in the Law Commission’s Fiduciary Duties of Investment Intermediaries which considered the same issues. At the time it also recommended changing the investment rules to clarify trustees’ responsibilities on this area, but the government did not act on it.
Full article here.