Competition from clean technologies and tough government climate policies could see the fossil fuel industry's profits slashed by two-thirds over the next two decades, a new study has found.
Most UK defined benefit (DB) pension schemes will rely heavily on investment returns, rather than seek additional cash from sponsors, to achieve their funding targets during the coronavirus crisis.
The Institutional Investors Group on Climate Change (IIGCC) has today published new guidance to help investors integrate the risks and opportunities presented by global warming into their decision making.
There are encouraging signs of recovery for the expected retirement income of defined contribution (DC) pension scheme members in the UK following dramatic falls in March due to the COVID-19 crisis.
The global insurance industry is facing losses in excess of $200bn (£165bn) this year as the coronavirus crisis triggers record payouts while slashing investment values, Lloyd's of London has warned.
