Legal and General Investment Management (LGIM) and Aviva Investors have joined an initiative to pressure employers to help low paid workers during the cost of living crisis, which says not to do so would be “morally wrong and financially unsustainable”.
The fund groups are among 16 investors with £3.2trn in assets under management that have responded to a call to action from CCLA Investment Management, a responsible investment fund house and the UK's largest charity investment manager. CCLA, jointly with the Church Investors Group, has sent a letter to 100 of the UK's largest listed employers urging them to consider uplifting pay for the lowest paid workers, and providing one-off cost-of-living support. The campaign wants companies to meet the new real Living Wage rates of £10.90 per hour across the UK and £11.95 in London. Only ...
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