Master trusts must consider ESG impact of investments – NEST

first_imgThe National Employment Savings Trust (NEST), the UK auto-enrolment pensions provider, has said master trusts within the new, broader system of workplace pensions have a duty to take an active interest in where they invest and consider issues such as climate impact.Publishing its first responsible investment report, NEST said incorporating ESG factors into its investment process across all its retirement date funds and fund choices improved long-term returns and reduced investment risk for all its members.Mark Fawcett, NEST’s CIO, said: “Good-quality master trusts have a responsibility to take an active interest in where members’ money is invested and act on behalf of their members as owners of securities.“That means considering a broad range of investment risks and opportunities, including issues like the move to a low-carbon economy, the way corporations treat the planet and how companies conduct themselves.” The first report sets out how NEST engages directly with companies, regulators and industry bodies, and works with fund managers and other large institutional investors to increase effectiveness.It includes case studies showing how it aims to understand and act on a range of matters that have an impact on long-term returns, sustainable markets and good business practices.These include climate change and managing the transition to a low-carbon economy; banking culture and behaviour; the quality of company audits and the interaction between shareholders and auditors; and the role of pay in company performance.Fawcett said anyone who thought this type of consideration was not relevant to long-term wealth creation should consider the billions of pounds in fines and damages imposed on large sectors of the banking industry.“Companies that are well run, with engaged and active investors, are more likely to be successful in the long term,” he said.In the report, NEST said that, though most of its equity investments were now made via indexed funds, this did not mean it was “passive”.Unlike active managers, it said, it cannot sell its investments if a company is performing poorly, but it is able to be effective because it can “engage with a number of companies in a sector and feed back our findings industry-wide”.It said its aim was to raise standards across the whole industry.“From 2016,” it said, “where we don’t agree on issues we feel strongly about, NEST has the ability to override the voting intentions of our global equity manager.”last_img read more

Read more

PM Skerrit says Dominica survived global crisis in 2011

first_img Share Sharing is caring! Share Share 18 Views   no discussionscenter_img Prime Minister Roosevelt SkerritPrime Minister Roosevelt Skerrit said while there was a bleak outlook as a result of the Global Financial Crisis affecting the world, Dominica was able to remain afloat.Skerrit, during a year in review interview said that the government has been able to ensure that the country and its people were not affected severely by the financial meltdown.He said 2011 was very difficult and Dominica is ushering 2012 under the same circumstances.“If you look at the global standpoint, we ushered into 2011 with a very bleak outlook. 2011 was a very difficult year for every single government and every single country. There were countries which did better than others but 2011 was very difficult. Nationally we have been able to hold our own; we have not seen any loss of jobs in Dominica. In fact there has been an increase in employment. We were able to meet our obligations to creditors and citizens. There were no programs with government system that was compromised,” he said.Meantime the prime minister says the country is expected to see some major improvements in the area of health, although there are a number of issues affecting the country’s health sector.“After the 2009 general elections and 2010 and 2011, we created in excess of 100 positions in the nursinh profession and we have been able to appoint all of those nurses into the system and we are still training more,” he said.He said at this time, Dominica has no difficulties with nurses to provide services.“We have also been training doctors and we have more than we had in 2010. This whole approach is to ensure that in every district we have two or three doctors and in the next couple of years we will be able to achieve that,” he added.He said free access to medical care for children under 16 and elderly over 60 is also another major development in the sector.The Prime Minister also noted that the country’s main hospital, the Princess Margaret, will be completely demolished in 2012 to pave the way for the construction of a new state of the art facility.Dominica Vibes News Tweet LocalNews PM Skerrit says Dominica survived global crisis in 2011 by: – December 29, 2011last_img read more

Read more

BSB renews program rewarding drivers in six IMCA divisions, Deery Series

first_imgWELLINGTON, Kan. – BSB Manufacturing gives more than $10,000 in product certificates to drivers in six divisions and one special series, in its ninth season of IMCA sponsorship.The Wellington, Kan., high performance parts manufacturer and retailer awards $50 product certificates at 30 IMCA Modified, 18 IMCA Late Model, 15 IMCA Sunoco Stock Car, 15 IMCA SportMod and 12 IMCA Sunoco Hobby Stock specials.Product certificates good for $300, $200 and $100 go to top three eligible drivers in each Modi­fied, Stock Car and Hobby Stock region, and in national standings for Karl Chev­rolet Northern SportMods and Scoggin-Dickey Parts Center Southern SportMods.Drivers in those five divisions must compete with four BSB-manufactured shocks, and are also required to display two BSB decals on their race car and return a completed signup form to the IMCA home office by Aug. 1.The champion of the 31st annual Deery Brothers Summer Series for IMCA Late Models earns a $250 product certificate along with a 30 percent discount on all purchases for the 2018 race season. The runner-up gets a $200 product certificate and 20 percent dis­count while the third place driver receives a $150 certifi­cate.BSB Manufacturing also returns as title sponsor of the Northern SportMod Race of Champions during the IMCA Speedway Motors Super Nationals fueled by Casey’s and will provide a portion of the $1,000 purse to be paid at the Sept. 9 race.“We go to the race track every week with one thing in mind and that is to win races, not to run second or third but to win. It is that same passion we put in every part we build at BSB … performance driven, driven to win,” said company owner Jay Neal. “We are here as a company to help racers do what they love most. We are trying to close the gap in their busy lives with racing technologies, and to help them perform better both mentally and physically. This also reaches out to a sanctioning body like IMCA. We are here to help because we want to race for years to come. This is a group effort to make racing better for everyone long into the future.”Information about BSB products and services is available by calling 620 326-3152, at the www.bsbgofast.com and bsbshocks.com web­sites and on Facebook.“BSB does so many things well for IMCA racers it is hard to focus on just one, so we’ll just recommend calling Jay and his team and discussing how they can improve your program,” stated IMCA Marketing Director Kevin Yoder. “Their support encompasses about every division and their expertise is really impressive.”last_img read more

Read more