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15-Sep-08 11:30 [Pensions]
Large pension funds 'see changes' A recent survey by a national organisation for pension funds has understood that an increase in engagement and impact regarding pension funds has brought changes to the sector.
The National Association of Pension Funds (NAPF) revealed that 74 per cent of pension funds had seen changes to board membership due to engagement activities, up from 67 per cent.
It added that 69 per cent of those surveyed had seen changes to company strategy, 79 per cent had undergone alterations to their remuneration policy and that an impact was made on the environmental or social policy by 68 per cent of participants - all raises from 2007.
NAPF head of corporate governance David Paterson said: "We believe that high standards of corporate governance contribute to the long-term success of a business and thus help generate the good investment returns which are essential for the health of pension funds."
Last week, the NAPF revealed that 91 per cent of employers felt a duty to prepare their workers for retirement.
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