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ShareAction: transforming the investment
system to serve savers,
society, and the environment.

Latest news and blogs

16-Sep-2014

ShareAction, the watchdog for pension fund governance, is calling on the Financial Conduct Authority to strengthen its proposals for Independent Governance Committees (IGCs) for contract-based pension schemes, to avoid them simply rubber-stamping rip-off charges imposed on pension savers.

15-Sep-2014

ShareAction, the movement for responsible investment, and the Living Wage Foundation, jointly presented incoming Tesco Chief Executive Dave Lewis with a giant Living WageClubcard on Tuesday at the company’s headquarters in Cheshunt.


The six-foot Clubcard is a welcome gift to Lewis designed to remind him of the importance of paying fair, following the shock departure of his predecessor Philip Clarke over a drop in sales at the retail giant.

15-Sep-2014

Sports Direct is set to face questions on its use of controversial zero hours contracts for part time staff at its AGM on Wednesday afternoon.

 

ShareAction, the movement for responsible investment, plans to attend the company’s AGM in Shirebrook on Wednesday (September 10) at 3pm, using its rights as a shareholder to ask a question about the firm’s continued reliance on zero hours contracts.

28-Aug-2014

Following Shell’s reported admission of its likely failure to meet regulatory targets for reducing toxic wastes from oil sands in Canada, ShareAction has warned investors to query the company’s ability to drill in the Arctic “completely flawlessly.”

 

Lorraine Mitchelmore, the head of Shell’s Canadian unit, was quoted in the Wall Street Journal this week saying that the company may not be able to meet its promised targets for reducing toxic wastes from oil sands in the region, and calling for more time and eased regulation from the Canadian government. 

18-Aug-2014

ShareAction welcomes the government’s announcement on introducing Defined Ambition pensions as an alternative to Defined Contribution pensions. Following the announcement to scrap compulsory annuities in this year’s budget, this is another example of legislators having to intervene in a market which offers a poor deal to many savers.

04-Aug-2014

Our vision is of an investment system which truly serves saversm society and the environment. Today;s market fails to do that. 

 

The stakes are high. UK pension funds alone akready control £2.9 trillion in assets, while automatic enrolment is bringing 10 million more working people into the nation's private pension system. There is an urgent need to ensure that the system works.