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Article

1 Nov 2006

Author:
Fair Pensions [UK]

[PDF] full report: UK Pension Scheme Transparency on Social, Environmental and Ethical Issues

[Pension schemes surveyed]: 1. Universities Superannuation Scheme Ltd 2. British Telecommunications plc 3. Greater Manchester Pension Fund 4. West Yorkshire Pension Fund 5. Coal Pension Trustees 6. BP plc Pension Fund 7. Shell Contributory Pension Fund 8. Strathclyde Pension Fund 9. BBC Pension Scheme 10. British Airways Pension Scheme 11. Corus UK Ltd British Steel Pension Scheme 12. National Grid plc Pension Scheme 13. Railways Pension Scheme 14. Royal Mail Pension Scheme 15. BAe Systems Pension Scheme 16. Lloyds TSB Group plc Pension Scheme 17. Barclays Bank plc UK Retirement Fund 18. Electricity Pensions Services Ltd 19. HSBC Bank plc Pension Scheme 20. Royal Bank of Scotland Group Pension Fund. ...- None of the schemes surveyed disclosed material which mentioned human rights as having any impact on whether or not a scheme was willing to be an investor in a company... - Only one scheme (BT) has committed to disclosing its full voting record, thereby allowing members to see how their scheme uses its shareholder power to promote good corporate social responsibility... - Most financially sophisticated companies have least transparent pension schemes HSBC and Barclays are amongst the few schemes that declined to make their pension scheme documents publicly available. Lloyds TSB and Royal Bank of Scotland disclosed scheme documents, but showed little evidence of responsible investment...