UK: BBC and BT named as having most responsible pension schemes
Date: 27 Jan 2014
A new league table looking at socially responsible practices amongst workplace pension schemes has named the BBC and BT for having the most active approach to looking at the social and environmental impact of their investments. On the flip side, Rolls Royce and GlaxoSmithKline were shamed as laggards in this area.
The figures were produced by ShareAction, formerly FairPensions, a member organisation that includes some of the UK's biggest unions as well as campaign groups such as Greenpeace and Oxfam.
It said that the bottom five companies, which also included Barclays, Tata Steel and BAE Systems, had not actively contributed information to the survey, but they did not provide any publicly available documentation about their policy on responsible investment.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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