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Pension Fund Transparency under FairPensions' spotlight again

For the second year running, FairPensions is conducting a survey of transparency and engagement among the UK's Top 20 Pension Funds. This year's survey places particular emphasis on engagement on Environmental, Social, and Governance (ESG) issues. It will examine the funds' transparency, and focus on their strategies and priorities for addressing Responsible Investment.

Many funds scored very poorly in the 2006 survey. Several household names (including the pension schemes for HSBC, the Royal Bank of Scotland, Lloyds, NatWest, and BAE systems) were found to be remarkably secretive about investments and practices. FairPensions have been in continuous talks with the majority of funds surveyed, in an attempt to improve their performance.

"Since last year's survey several of the funds have indicated that they are very keen to work with us to improve their transparency," noted Duncan Exley, Campaigns manager "A lack of transparency is one of the primary obstacles to responsible investment, and improvement in transparency among some of the largest pension funds in the country is a big step in the right direction."