AVIVA Staff Pension Scheme: recommendations
RI policy, implementation and monitoring recommendations
From the information provided it appears that the AVIVA Staff Pension Scheme has an underlying commitment to responsible investment, however it is not clear whether careful attention is being paid to the implementation and monitoring of a detailed policy. If this is not the case, we recommend that steps are taken which should include:
- Establishing clear measures to ensure fund managers' performance on ESG issues is carefully monitored and regularly assessed.
- Incorporating assessment of the capacity of fund mangers to carry out the Scheme's ESG policy into its fund manger selection process, and into its investment management agreements.
- Consideration of membership of the UN PRI, both for itself and as a screen re fund manager selection.
Transparency recommendations
Given that basic transparency is fundamental to responsible investment, we recommend that the AVIVA Staff Pension Scheme creates a scheme website, which would include public disclosure of:
- The Statement of Investment Principles
- Detailed statements of RI policy, policy implementation and performance monitoring
- Full voting records and summary voting analysis
- Specific and detailed ESG engagement strategy, and reporting
- The Scheme's annual reports, which should include a detailed section on responsible investment.
Download AVIVA Staff Pension Scheme's full scorecard
If you are a member of this pension scheme, why not email your pension scheme to ask whether they have implemented all or any of these recommendations.
