👀 BlackRock just lost another ~$6B mandate after backsliding on addressing climate risk to its clients’ portfolios. NYC pension trustees meet this week and could approve the @nyccomptroller.bsky.social recommendation to shift $42B for the same reason. 🍿

🎊 WIN! Pension fund PME breaks with polluting asset giant BlackRock – thanks to the pressure of our movement. ✍️ Now it's time for ABP to break with BlackRock as well. Over 5.000 people have already signed our petition. Will you add your name? www.breekmetblackrock.nl

Our new analysis of Europe’s largest banks has found progress on climate has ground to a standstill, and in some cases, reversed As environmental and social risks rise, banks’ responses are still falling short: the average score across the 25 banks was 41%🔽 shareaction.org/reports/in-d... 🧵1

This week parliament debated proposals to change the law that would make pension funds stop investing our savings in fossil fuels. As @mp4stratford.bsky.social argues, action is needed to protect savings and uphold the UK's pensions industry ⬇️ www.pensions-expert.com/law-and-regu...

Fantastic to join Neil Duncan-Jordan for an MP briefing this eve, alongside @redjen.bsky.social & @pscupdates.bsky.social. We discussed progressive proposals to strengthen the Gov’s Pension Schemes Bill, incl. phasing out fossil fuel investments and ensuring worker representation.

Brilliant new article from Labour's Simon Opher MP - a must read ahead of the parliamentary debate over the Pension Schemes Bill this Wednesday ⬇️

👏Investors call for the government's Pensions Commission to consider climate change risks👏 You can't build an adequate and fair pensions system for the twenty first century without. www.ftadviser.com/esg-investin... @uksif.bsky.social

Great new piece from Neil Duncan-Jordan - a leading MP calling for greater ambition from the gov's landmark pension reforms! He rightly highlights 3 priorities for the current Pension Schemes Bill too: worker representation, fossil fuel phase out and funding for the green transition.

Great to have MPs like Simon Opher supporting @thefinancelab.bsky.social's amendment to the Pensions Schemes Bill. Help us build support for greener, fairer pensions. Write to your MP today: justmoney.eaction.online/better-pensi...

💥BREAKING💥 Four young Canadians just launched a lawsuit against the Canada Pension Plan investment manager, #CPP Investments, for alleged mismanagement of climate risks. Read more about the case brought by @ecojusticecanada.bsky.social and @gpllp.bsky.social 👉 bit.ly/4okNn1i

1/2 Collective pensions for millions of UK workers felt closer to a reality today. ‘CDC’ promises an “income for life”, higher average incomes (25-65%!), and greater investment for the UK - all particularly important for people on low incomes and facing hardship in retirement.

Sue Owen asked what her pension savings are being invested in - and was horrified. Ep. 3 of this brilliant new podcast explains how the pensions industry continues to fuel the climate crisis. But you can write to your MP today to call for Government action actionnetwork.org/letters/writ...

🚨 Prospect research reveals women lose out on £7,600 a year in retirement. A 36.5% gender pension gap – that's double the gender pay gap. This inequality is unacceptable. Government must take real action now to close the gap.

The new Pensions Commission must tackle the inequality at the heart of the UK’s pension system. ~2/3rds of pension wealth is held by the richest 10%, while millions face hardship in retirement. Read our statement from @marloesnicholls.bsky.social, Head of Advocacy: filab.uk/46YlcPU

We’re excited to launch our new report on the gender wealth gap — examining the scale of inequality and the role wealth taxation could play in addressing it. Wealth inequality is wider than income inequality — and deeply gendered. Read it here: 👇 www.wbg.org.uk/publication/...

The Pension Schemes Bill is a critical chance for the government to protect our savings and retirements from the risks of climate change. Read our proposal: www.netzeroinvestor.net/news-and-vie...

Why are our pensions being used to fund fossil fuels and deforestation to the tune of billions of pounds, threatening our prosperity in older age and indeed our savings? Today @annagelderdmp.bsky.social‬ rightly asked the government what the new Pension Schemes Bill would do to change this.

We can't retire if the planet's on fire. It was fantastic to kick start a debate in parliament this week, with partners across civil society and industry, on the major opportunity the government has to align its landmark pension reforms with sustainability.

Current defined contribution schemes work like savings accounts and leave too many with insufficient pensions. Our CEO @jesselgriffiths.bsky.social‬ was in parliament last week discussing new proposals for pensions.

📢 With @thefinancelab.bsky.social, we're calling on the UK Govt to transform the pensions system. The system should support everyone to save for a financially secure retirement. Right now, that's not happening. The UK Govt must reform the system to ensure we all have enough to live on in older age

It was fantastic to meet with officials leading the government’s landmark Pensions Review this afternoon, together with inspiring civil society and union colleagues. We're advocating to ensure that as we get older, we all have enough money and a thriving planet to live on.

Civil society organisations, unions, and a host of celebrities have joined forces to call on the government to fix the UK’s pensions system. Here’s my comment for PensionsAge www.pensionsage.com/pa/New-campa...

The biggest review of the pensions system in a generation is underway. Sign the petition for: 💷 Decent pensions for all ☀️ A just transition to a thriving low-carbon economy 🚫 A phase-out of funding for fossil fuels, deforestation & other harmful industries ✍️ act.350.org/sign/fairer-...

Big opportunity for the government to shape pensions policy for decades to come. Vital that they show plenty of ambition.

The Lab’s @JesseLGriffiths explains how the key to tackling the UK’s under-investment problem and driving the just transition will be pensions reform allied to a scaled-up National Wealth Fund ⬇️ @netzeroinvestor www.netzeroinvestor.net/news-and-vie...

At the end of a slightly terrifying week, where a major financial crisis was averted – for now – I thought I’d reflect on whether such a crisis might happen anyway, and what this means for UK financial sector policy. A thread. /1

Great to be part of the @tuc.org.uk pensions conference today! I asked Torsten Bell why the government’s once-in-a-generation Pensions Review doesn’t consider the climate crisis when that could have far greater implications for growth + future pensions than proposals like consolidation

Before we close our doors on Friday, we wanted to share some fantastic organisations we've worked with. Follow them for more 💚​ 🌱 @thefinancelab.bsky.social 🔥 @fossilfreeldn.bsky.social 💰 @bankgreen.bsky.social 👀 @globalwitness.bsky.social ​ 🗳️ @shareaction.bsky.social ✊ @tippingpointuk.bsky.social

🚨 NEWS: we've updated our climate ranking of the biggest UK pension providers 🚨​ There's been pockets of progress but the average score is shockingly low at 4.5/10 🤯We need pension providers to do better. ​ They're looking after OUR money. It's our future they're risking. ​

"We must not forget the lasting damage done by the global financial crisis." There is no growth in an economy so poorly regulated that it crashes. It's reassuring to see the Bank of England governor knows this. www.theguardian.com/business/202...

Last year, the government committed to a landmark Pensions Review - the first opportunity in two decades to overhaul the £3 trillion private pension system. 🤔 So what does this mean for the divestment movement? 👇👇

The UK's looming pensions crisis can't be solved by individual actions alone. If we're to retire with decent incomes on a liveable planet, the government must ambitiously progress the 'Pensions Review' (the first opportunity to overhaul the system in 20 years). Please could you raise this too?

Widespread disappointment over pension review delay reported in PensionsAge www.pensionsage.com/pa/Pensions-...

The Chancellor has postponed a vital review of the UK’s broken pensions system. www.ft.com/content/d102... Our Head of Advocacy, @marloesnicholls.bsky.social, responds ⬇️

We're thrilled to announce that Marloes Nicholls, Head of Policy & Advocacy @thefinancelab.bsky.social, is our guest speaker at our workshop tomorrow for Developing & Testing Messaging to Influence Public & Elites Register now to hear her valuable insights! lu.ma/e6xy1nml