Category: Publication

Climate Change and Green Finance Submission by Sarasin & Partners LLP and Local Authority Pension Fund Forum

Along with Sarasin and Partners LLP with whom LAPFF submitted this response, the Forum would welcome the FCA, alongside the reconstituted Financial Reporting Council (FRC) 2, confirming the existing requirements for transparent reporting of climate-related risks and providing supportive guidance for how companies should meet their obligations to ensure full disclosure and to support comparability. […]

07 Jan

Are Fund Managers Missing The Target On Stewardship? An Asset Owner Perspective

This report holds a mirror up to the fund management sector with the aim of highlighting where members think it is doing well and where there is room for improvement. By doing so, the aim is to help strengthen the relationship between asset owners and asset managers, and to help ensure LAPFF members get the […]

Irregular status of the FRC – Parliamentary Questions

During 2018, the Financial Reporting Council came under intense scrutiny. Following a Freedom of Information Act request by IPE journalist Stephen Bouvier on the Office of National Statistics, it became clear that the FRC became a public body not in  2017, 2016 or 2014 (the FRC’s account varied) but earlier.   The Bouvier research indicated […]

16 Mar

Precarious Work

As part of its work on human capital management, LAPFF has produced a paper on precarious work. This paper assesses the context, frequency, and implications of precarious work for employers and those people performing work on their behalf. It then suggests why responsible investors should be concerned about this phenomenon. The paper concludes with suggestions […]

09 Mar

Share Buyback: Solutions or Illusions

In 2015, LAPFF issued a discussion paper on the subject of share buybacks. Since then the matter of share buybacks is now a subject of attention in the government White Paper of August 2017, particularly the impact on executive remuneration, but also other economic implications. Often, the reason given for buybacks is that the company […]

Consulting on a Revised UK Corporate Governance Code

LAPFF’s response focuses on the FRC’s own governance problems and raises the incongruity of the FRC campaigning on the importance of ‘culture’. The response also calls for more legal requirements to ensure that stakeholder voices of all types are taken into consideration, in particular those of employees and consumers, and notes the lack of action […]

Financial Reporting Council consultation – Draft amendments to Guidance on the Strategic report Non-financial reporting

LAPFF has responded to the FRC consultation on draft amendments to Guidance on the Strategic Report Non-financial reporting. The response emphasised that as an investor forum, LAPFF believes that robust rules, application and practice on accounting and financial reporting are essential to safeguard the interests of pension fund beneficiaries.   FRC consultation

LAPFF releases climate change investment policy framework to guide member funds on stewardship activities on carbon

In the wake of the Bonn climate conference, LAPFF has issued a ground breaking climate change investment policy framework.  The first of its kind for Local Government Pension Scheme funds, the framework aims to help LAPFF members, and other investors, implement best practice in tackling the investment risks and opportunities that result from climate change. […]

30 Oct

TAX STRATEGY REPORTING AMONG THE FTSE 50- Slow to emerge, poorly executed, but some examples of excellence

Poll after poll shows that tax avoidance is the number one concern of the UK public when it comes to corporate conduct. Without doubt, how a company deals with its tax affairs is key to its reputation. This creates enormous corporate risks, but opportunities also. Across the globe, a wide range of stakeholders are calling […]