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

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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.


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. 



ShareAction has criticised a review into legacy workplace pension schemes, conducted by the ABI and its members and overseen by an Independent Project Board, for being conflicted and ineffective. The charity has also expressed concerns over the secretive way the probe has been conducted so far.


ShareAction has published an investor briefing to accompany a report from the Carbon Tracker Initiative, “Carbon supply cost curves: Evaluating financial risk to oil capital expenditures” which argues that if oil companies are to create optimum value for shareholders they need to focus on lower cost, lower risk projects which give better returns. This briefing highlights some of the main findings from that report and suggests questions pension funds may wish to ask their fund managers to check that they are alert to these issues and engaging with oil companies to ensure the creation of optimum shareholder value.


ShareAction today launches a Manifesto for Responsible Investment, calling for legal change to ensure that the UK’s private pension providers are accountable and transparent to the millions of savers whose retirement assets they manage.


ShareAction welcomes the Law Commission’s confirmation of our long-held view that investors are not obliged to focus solely on short term financial return when making investment decisions.


The report helpfully states that fiduciaries are free to consider all factors which affect the financial performance of a fund, such as ESG and macroeconomic issues. We also welcome the report’s assertion that non-financial factors, such as beneficiary views and quality of life, may also be taken into account so long as this does not result in significant financial detriment.