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Aviva CEO Dame Amanda Blanc says mandating pension funds to invest in UK assets would be “a sledgehammer to crack a nut”, urging government to prioritise fiduciary duty. Read more: Aviva warns against forcing UK pension funds to buy domestic assets
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The government’s stake in NatWest has dropped below 1%, marking a near-complete exit from the £45.5bn bailout era and paving the way for full reprivatisation within weeks. Read more: NatWest nears full reprivatisation as taxpayer stake falls below 1%
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The UK government is piloting an AI tool named ‘Consult’ to automate the analysis of public consultation responses, aiming to reduce administrative workloads and enhance efficiency across departments.
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British pension funds should not be forced to invest in UK assets, the boss of one of London’s biggest insurance firms has said, in a rebuke of the government’s pension reforms plans. The Treasury this week helped seal a voluntary, non-binding agreement by pension funds, dubbed the Mansion House Accord, will see increased investment into…
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Fifa has welcomed the qualified backing of its plan to cap football agents’ fees from a top judge at the European Court of Justice following legal challenges. The opinion issued by AG Nicholas Emiliou is not binding but offers an indication of the verdict that the ECJ may ultimately reach in a case with profound…
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Triodos Investment Management, a specialist in sustainable investment, has partnered with global index provider STOXX to launch a new impact-focused benchmark aimed at institutional investors. The newly introduced iSTOXX Triodos Developed Markets Impact Index is designed to help professional investors align their portfolios with measurable social and environmental outcomes, while also excluding companies that fall…
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Datamaran, the ESG-focused software analytics firm based in London, has launched a new platform aimed at supporting sustainability professionals as they navigate an increasingly complex operating environment. The platform, named Harbor, is designed to foster peer-to-peer engagement, provide expert resources, and offer tools to help users stay abreast of swiftly evolving global sustainability regulations. The…
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A new climate finance bill aims to tax fossil fuel firms, superyachts, and private jets to fund flood defences and home insulation.
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Microsoft has signed a major new agreement with carbon markets platform Rubicon Carbon to acquire 18 million tonnes of high-quality carbon removal credits, a deal regarded as one of the largest commitments ever made by a single corporate buyer within the voluntary carbon market. The agreement marks a significant escalation in Microsoft’s efforts to achieve…
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HMRC has issued its first-ever tax avoidance Stop Notices to an individual, targeting Paul Baxendale-Walker for promoting schemes using offshore trusts to avoid tax. Read more: HMRC issues first individual tax avoidance Stop Notices to former solicitor Paul Baxendale-Walker