Pensions minister Stephen Timms has promoted the idea of socially responsible investment by stating companies with environmental policies or that allow union representation are better investments.
Speaking at a TUC Stock Exchange conference on pensions and pension trusees, Timms has said such companies run "less repuational risk" and "are less likely to suffer the commercial consequences of customer animosity." "They are also less likely than others to suffer costly adverse regulatory or enforcement decisions. They are at least as likely and perhaps more likely to represent good investments." These are all points Timms, and the government, are keen for trustees to take account of. Also on the issue of pensions fund investments, Timms says the government wants to push for a 5...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes