FUND COMMENDED IN FAIRPENSIONS REPORT
Fund ranks 4th in FairPensions ReportWed May 13 2009
Merseyside Pension Fund has been ranked fourth in an examination of the responsible investment policy, practice and transparency of the UK’s largest occupational schemes by FairPensions. FairPensions is a registered charity that aims to persuade UK pension funds and fund managers to adopt an effective responsible investment capability, and to monitor and manage environmental, social and governance risks.
|
Pension Scheme
|
Policy and Practice on RI (20 points max)
|
Transparency (10 points max)
|
Overall percentage
|
UNPRI
|
Rank
|
|
Universities Superannuation Scheme
|
20
|
10
|
100%
|
Yes
|
1=
|
|
British Telecommunications plc Pension Scheme
|
20
|
10
|
100%
|
Yes
|
1=
|
|
Strathclyde Pension Fund
|
17.5
|
9.5
|
90%
|
Yes
|
3
|
|
Merseyside Pension Fund
|
16.5
|
6
|
75%
|
Yes
|
4
|
|
British Airways Pension Scheme
|
13.5
|
8
|
72%
|
No
|
5
|
|
British Broadcasting Corporation Pension Scheme
|
13
|
8
|
70%
|
Yes
|
6
|
|
West Midlands Pension Fund
|
11.5
|
7.5
|
63%
|
No
|
7
|
|
Railways Pensions Trustee Company Pension Schemes
|
12.5
|
5.5
|
60%
|
No
|
8=
|
|
West Yorkshire Pension Fund
|
11.5
|
6.5
|
60%
|
No
|
8=
|
|
BP plc Pension Scheme
|
15
|
2.25
|
58%
|
Yes
|
10
|
The Fund ranked second among all Local Government Pension Scheme Funds and ahead of pension schemes such as British Airways, BBC, and BP plc.
Responsible Investment (RI) focuses on those environmental, social and governance (“ESG”)
issues that can be material to long term shareholder value, and requires these factors to be assessed and integrated into research and investment decisions.
In its first year as part of the Survey the Fund is ‘commended, showing a well
thought through approach on many of the key areas of RI policy, implementation and monitoring’.
