Pensions

UK Local council pension funds fossil fuel exposure revealed #fuellingthefire

‘The UK’s 97 local authority pension funds collectively invest £16.1bn in fossil fuels — up from £13.8bn in 2015 — according to the latest data from divestment campaigners who have broken down the…

ICYMI: 20 key climate change and finance stories from October

9 things climate change and your money

News on climate change, investors and financing the low carbon transition that caught my eye in last week. For…

Nest pension fund seeds new UBS climate fund

‘NEST, the UK government-backed defined contribution (DC) master trust, is allocating a portion of the assets in its default strategy to a new “climate aware” fund managed by UBS Asset Management. It seeded the fund with around £130m (€154m)…