LGIM to launch its first fossil fuel-free pension fund after pressure
The UK’s biggest fund manager has bowed to client pressure and agreed to launch its first fossil fuel-free ethical pension fund later this year.
Legal & General Investment Management (LGIM), which has been one of the most outspoken fund managers over the climate crisis, made the decision after a number of clients raised concerns that stocks such as Shell were still being included in its range of ethical funds.
Those clients include PensionBee – an online pension provider that handles £750m-worth of client assets for more than 75,000 customers – which is expected to be among the new fund’s first investors.
Read more @The Guardian
