Almost £2 trillion in pension schemes are still ‘misaligned with Paris Agreement’

Nearly 71 of 100 major pension schemes have not publicly unveiled ‘robust’ net zero commitments, according to new research

Pension giant Nest appoints Octopus Renewables to invest ‘millions’ in green energy

It is committing an estimated £250m this year in the UK and Europe, which is part of a potential £1.4bn investment by the end of the decade

Scottish Widows commits to halve carbon footprint of £170bn portfolio within a decade

It claims to be the first major pensions and insurance provider to set such a goal by 2030

Smart Pension pledges to become a net zero business before 2050

The company joins Richard Curtis’ Make My Money Matter campaign to help its journey towards net zero

Fintech firm Cushon launches ‘first net zero pension’

The average pension member in the UK currently finances around 23 tonnes of annual carbon emissions through their investments alone

Government says consolidation of pension schemes could enable greener investments

It suggests defined contribution schemes have the benefit of being able to direct funds towards longer-term, illiquid investments such as housing, infrastructure and green infrastructure

New initiative launched to drive down climate impacts of UK’s £3 trillion pension pot

A total of 21 organisations have already joined the Make My Money Matter initiative including Oxfam, WWF, Comic Relief, Triodos Bank, BNP Paribas, Ecotricity, and the Environment Agency Pension Fund, one of the UK’s largest local government pension schemes

UK’s top pension funds questioned over green duties

The Chair of the cross-party Environmental Audit Committee (EAC) has written to the UK’s top 25 pension funds to ask how they manage the risks posed to pension savings by climate change. Mary Creagh MP launched the line of questioning after the Department for Work and Pensions admitted there is widespread misunderstanding amongst pension trustees […]

Nuclear petition attracts 10,500 supporters

More than 10,500 people have so far signed a petition calling on the government to honour pension protections for those working in the nuclear decommissioning sector. It was started by Prospect union in response to the start of a consultation this week on reforming two final salary pension schemes for nuclear decommissioning workers. The proposals […]

Nuclear workers to vote on strike action

Nuclear trade unions are to ballot for strike action in response to proposed pension cuts in the sector. The GMB, Prospect, Unite and ASLEF/TSSA unions met in London yesterday and organised the ballot in response to more than £660 million of pension cuts for 16,000 workers across 19 sites. The workers, who are primarily involved in decommissioning work, will vote in […]