In brief

  • June, 2020

    PLSA Local Authority Conference: LA Live

    Posted by in Report 0

      Usually at this time of year 400 delegates gather at the Cotswolds Water Park in leafy Gloucestershire for the PLSA Local Authority Conference. There is always a strong sense of community as people who have met many times to share similar experiences and challenges get together to talk about the year’s big issues. This year, the LGPS ...

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  • June, 2020

    Welsh pool hires oversight adviser

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    The Wales Pension Partnership (WPP), made up of eight Welsh LGPS, has appointed Hymans Robertson as its oversight adviser, which will see the firm provide oversight and advice on governance arrangements, operator services, strategic investment aspects and project management support. The contract is for an initial three years with the potential for a ...

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  • June, 2020

    Shell cuts dividend as demand forecast plummets

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    Royal Dutch Shell shocked investors by cutting its dividend for the first time since the Second World War, citing the weaker oil price and uncertain future demand. Shell announced it would be rebasing the first quarter dividend to 16 cents a share, down two-thirds on the same quarter the prior year. The oil major was the single largest dividend payer in ...

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  • June, 2020

    The risks of AGMs held behind closed doors

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    Two thirds of FTSE 100 constituents have conducted their annual general meetings behind closed doors since the outbreak of the Covid-19, sparking concerns about shareholder rights. Responsible investment campaign group ShareAction has written to FTSE 100 chairs urging them to carry out a virtual AGM this year, allowing for real-time questioning followed by ...

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  • June, 2020

    Gold volatility rises amid Covid-19 outbreak

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    Investors using gold to hedge against falling equity values must be willing to accept greater volatility than may have been assumed, according to research by consultancy Mercer. While gold returns held up well during the first quarter at 6%, fluctuations in the value of the metal have increased enormously since mid-February when markets began to respond to ...

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  • June, 2020

    LGPS duo urge Barclays to firm up climate pledges

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    Two local government pension scheme investors have announced plans to back a shareholder resolution aimed at forcing Barclays to align with the Paris Climate Change Agreement. Brunel Pension Partnership and Merseyside Pension Fund will vote in favour of a resolution put forward by ShareAction calling for the lender to set and disclose targets to phase out ...

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