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Tag: pension fund
Man leaving top job at pension fund defends his pension
2015-09-25 23:58:54| IT Services - Topix.net
The man who lead the Police and Fire Pension Fund for the last quarter century spoke out Friday after attending his final board meeting before retiring. "I'm entitled to the pension benefits that were granted to me, that I paid for and that's what I'm looking forward to," said John Keane.
China uses pension fund to lift stocks
2015-08-23 17:07:45| BBC News | Business | UK Edition
China plans to let its main state pension fund invest in the stock market for the first time to try to arrest the slide in the country's stock market.
Norways pension fund to divest from coal
2015-06-08 11:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Norways sovereign wealth fund, the largest in the world, has confirmed it will divest from coal. The move comes after the fund faced increasing pressure from the fossil fuel divestment movement. The $900 billion (590bn) government fund will sell off stocks in companies that generate more than 30% of their output or revenue from coal. Companies with coal projects in development that would see them cross the 30% threshold will also be included in the divestment process. The stakes in the companies...
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Huge Pension Fund in Norway Will Divest Many of Its Coal Holdings
2015-06-05 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: The Norwegian Parliament has voted to sell off many of the coal-related investments in the governments massive $890 billion pension fund, a significant boost to the growing fossil fuel divestment movement. Norways sovereign wealth fund is the largest such government fund in the world, and parliament voted Friday to order the fund to shift its investments out of billions of dollars of stock in companies that rely at least 30 percent on coal. A spokesman for the firm that manages the governments...
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United Kingdom: Boris Johnson told divest 4.8bn pension fund from fossil fuels
2015-03-11 15:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Boris Johnson has been told by the London assembly to pull City Halls 4.8bn pension fund out of coal, oil and gas investments, after assembly members voted on Wednesday on a motion in support of the fossil fuel divestment movement. The motion calls on the mayor to publicly support the principle of divestment and to begin the process of dumping the fossil fuel portfolio of the London Pension Fund Authority (LPFA). But the vote is non-binding, meaning the mayor is bound only to consider its proposals...
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