Kāpiti councillor convicted of sexual assault says he was set up

maintains his innocence and believes he‘s been set up by others at the council. David Scott Photo: RNZ/ Sapeer Mayron David Scott, 71, has been on trial in the Wellington District Court accused of rubbing his genitals against a female staff member during a council morning tea in April last year. A jury deliberated for three-and-a-half hours before finding him […]

IMF sees ‘step in the right direction’ in Lithuanian pension reform

The proposed reform of the second-pillar system in Lithuania will “help to diversify risks and reduce fees”, the International Monetary Fund (IMF) has said in a recent assessment.  The IMF’s staff said that, together with plans for first-pillar reform, the country was making “steps in the right direction”.  , Lithuania’s government has drafted a reform proposal that includes the introduction of auto-enrolment […]

Public pensions, sovereign funds target infrastructure increases

Public pension and sovereign wealth funds aim to invest more in property and infrastructure over the next two years, according to a new survey. Having been the fastest-growing portion of sovereign wealth fund (SWF) and public pension fund portfolios in recent years, real assets such as property and infrastructure are set to take up even larger slices of investors’ allocations. […]

LGPS assets grow 21% but active equity disappoints

The UK’s Local Government Pension Scheme (LGPS) grew its asset base by more than 20% in the 2016-17 financial year, according to its latest annual report. Over the course of the period the combined assets for the 91 local authority pension schemes in England and Wales increased to £263bn (€299bn). It was a marked increase compared to the LGPS’ last […]

ABP abstains from voting on climate resolution at Shell AGM

The €408bn Dutch civil service scheme ABP has abstained from voting on a climate resolution at Shell’s annual shareholder meeting. The resolution was tabled by pressure group Follow This, and ultimately received the support of 5.5% of shareholder votes cast. ABP has a €633m stake in the oil company. At Shell’s AGM, the scheme explained that requiring a single company to […]

Investors back Shell in climate change vote but register concerns

Investors delivered “a clear and strong display of confidence” in Royal Dutch Shell’s approach to decarbonisation in voting down a shareholder resolution about emission reduction targets, according to the company. The resolution, which was put forward by Dutch pressure group Follow This, was defeated by 94.5% of votes cast at Shell’s annual general meeting (AGM) yesterday. Around 5.5% of votes […]

Ban on Baiting Alaska Bears With Bacon, Donuts May Soon Be Lifted

Ban on Baiting Alaska Bears With Bacon, Donuts May Soon Be Lifted Share Free sign up cp newsletter! Sign up By , Christian Post Contributor | May 23, 2018 10:43 PM The US Interior Department is now moving to reverse a standing ban on hunters baiting brown bears with bacon and donuts in some public lands in Alaska. That‘s just […]