Dutch watchdog launches review of pension funds’ ESG policies

first_imgThe regulator is looking for insight into risk profiles, benchmarks and investment products and seeks to gather information about valuations on capital markets, as well as the impact pension funds aim for.It said the positive effects of ESG could help renew participants’ faith in the pensions system and that pension funds could support the transition to a sustainable economy.The regulator will initially take stock of recent industry developments and subsequently assess pension funds’ annual reports to ascertain how integrated ESG is in their investment process.It added that it would also look at motives, challenges and obstacles for sustainable investments, such as low market volumes and legal barriers. Pensions regulator De Nederlandsche Bank (DNB) has launched a survey of Dutch pension funds’ ESG policies.Conclusions from the survey’s results will be incorporated into the regulator’s practice for assessing financial and reputational risk, as well as for measuring schemes’ adherence to international agreements seeking to make investing more sustainable.DNB said the survey would help it to identify best practice and that it would share its findings with the rest of the Dutch pensions industry.Dagmar van Ravenswaay Claasen, head of DNB’s expert centre, and Patrick Corveleijn, project leader, said they had noticed that society is increasingly demanding sustainable behaviour from not only government and companies but also pension funds, which have “a great impact with their combined assets of more than €1.2trn”.last_img read more

Benin City To Host NWPL Super Four, Three Million Naira On Offer

first_imgBenin City, Edo State will be the host city for the 2016/17 Nigeria Women Premier League Super Four tournament which has been scheduled to come alive from the 11th to 16th of September.But more importantly, three million Naira has been announced as prize money for the champions, while the runners-up go home with two million Naira.This was disclosed at the draw ceremony of the season-ending tournament which held in Protea Hotel, Ikeja, Lagos, on Wednesday 16 August, and it can now be said that the stage is set.Having finished as the top two sides in Group A and Group B following an intense regular season, Bayelsa Queens, Rivers Angels, Delta Queens and Nasarawa Amazons are the only teams left with a shot at the title.A round-robin format will see all four clubs play three matches apiece en route the final match day which would feature the top two teams as finalists.The Nigeria Football Federation President, Amaju Melvin Pinnick made himself available for the draw ceremony.In January, Rivers Angels clinched the league crown for a third consecutive season, making it the fifth time in their history that they lifted the trophy. They were given a cash prize of N350,000.NWPL Super Four ScheduleMatchday 1: Nasarawa Amazons vs Bayelsa QueensDelta Queens vs Rivers AngelsMatchday 2: Rivers Angels vs Nasarawa AmazonsBayelsa Queens v Delta QueensMatchday 3: Nasarawa Amazons vs Delta QueensRivers Angels vs Bayelsa QueensMatchday 4: Final Relatedlast_img read more