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

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UKSIF10th 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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