South Bend looks to save two failing schools before the state takes them over

first_imgIndianaLocalNewsSouth Bend Market South Bend looks to save two failing schools before the state takes them over WhatsApp Previous articleMan injured in Thursday morning shooting in ElkhartNext articleNew budget plan for Michigan would hep bail out tax losses in Benton Harbor Tommie Lee Facebook Twitter Google+ Facebook Pinterest By Tommie Lee – February 11, 2021 0 550 WhatsApp Pinterest Twitter (Photo supplied/South Bend Community School Corporation) The South Bend School Board is considering options to keep the state from taking over a pair of failing schools.Changes are being considered for Marquette Montessori and Muessel Elementary Schools next year.WSBT reports that the two schools have had four years of failing state grades and the district is trying to avoid a state takeover of the schools. The district told parents they have no plans to close either school, but a redesign is being considered.A vote is planned for March 1 to finalize the future direction of the struggling schools. Google+last_img read more

Adelie makes £55m loss despite 10% rise in turnover

first_imgTurnover has risen almost £23m year-on-year at food-to-go business Adelie Foods – but the firm has made a £54.9m loss before tax.Adelie reported a 10% year-on-year increase in overall turnover to £248.5m in its accounts for the 12 months to 30 September 2018, including an 11% rise in sales of the business’s Urban Eat brand.This resulted in the company making an EBITDA loss of £2.4m, an improvement on the £8.3m EBITDA loss recorded the previous year.However, costs including a £30.1m impairment of intangible fixed assets and £12m amortisation resulted in the £54.9m loss.Adelie said it had improved its profit margins by two percentage points through operational efficiencies. Distribution costs had increased, however, after the company launched a direct-to-store delivery service for c-stores that sees it distribute pastry products made by Addo Food Group alongside its Urban Eat range.The company has also reported that, since the period covered by the accounts, it has lost a “significant proportion” of business with one of its private-label customers to a rival following a tender process.And, last December, it announced plans to close down its sandwich and food-to-go production site in Kilmarnock and move production to its sites in Wembley and Southall.“The focus during 2018 has continued to be strengthening the business in its strategically-important sectors, and investing for the long-term,” said Adelie Foods chief financial officer Mark Stott.“For example, there has been further success in securing multi-year contracts with major customers, underpinning a high proportion of revenues, and we have rolled-out a state-of-the-art delivery service solution to enhance customer experience and enable operational efficiencies in transport and distribution.”He added that productivity and operational efficiency had been improved to offset inflation, with the business investing in upgrading or expanding three of its five distribution depots and taking its fleet to more than 250 vehicles.“There have been many positive developments since the year end, which is now over nine months ago,” said Stott. “A number of profit-enhancing initiatives are under way for delivery during 2019, which will return the business to profitability.”last_img read more

Jorge Mario Bergoglio selected as new pope, named Francis

first_imgCardinal Jorge Mario Bergoglio of Buenos Aires, Argentina, was elected as the 266th pope today. The former Archbishop of Buenos Aires has taken the name Francis. He is the first Jesuit and the first Latin American pope ever to hold the office, according to a report from the Associated Press. The white smoke billowed from the roof of the Sistine Chapel just after 2 p.m. EST, the report said, meaning that the conclave elected him after five rounds of voting over two days. About 42 percent of the world’s Catholics are from Latin America, according to the report, and Bergoglio is the first pope from outside of Europe in the modern era. He is the thirds consecutive non-Italian pope. The new pope appeared to a crowd gathered in St. Peter’s square in the Vatican, offering a blessing to the Church. The report said he is expected to be installed to the office at a mass on Sunday. Pope Emeritus Benedict XVI stepped down on Feb. 28, and the conclave met for the first time on Tuesday to elect his successor.last_img read more

Fun Home Celebrates 500 Performances on Maple Avenue

first_img The Tony-winning musical Fun Home celebrated 500 performances at the Circle in the Square Theatre on June 30. The creative team Tony winners, including director Sam Gold, scribe Lisa Kron and composers Jeanine Tesori (see below) and stars Judy Kuhn, Beth Malone, Emily Skeggs and Gabriella Pizzolo were in tow to enjoy a slice of the cake, complete with Bechdel family drawing and ring of keys (see below). Fun Home nabbed five Tony Awards in 2015 for its compelling story, direction and score. Based on the graphic novel by Alison Bechdel, the tuner charts a girl’s quest to come to terms with her father’s unexpected death. As she moves between past and present, Alison dives into the story of her volatile, brilliant father and relives her unique childhood at her family’s funeral home. See how it shines before the production shutters on September 10! View Comments The company of ‘Fun Home’ celebrates 500 performances(Photo: Emilio Madrid-Kuser) Fun Homecenter_img Show Closed This production ended its run on Sept. 10, 2016 Related Showslast_img read more

Taking Back the Northern Triangle, Part II

first_imgThe first of these post-conference meetings took place from June 23 to 26 in the Conference Center of the Americas at the SOUTHCOM headquarters. Focused exclusively on the discussions during CENTSEC 2015 last March in Honduras, the theme was: “Regional Implementation of Concrete Solutions in the Fight against Transnational Criminal Organizations”. In Gen. Kelly’s opinion, these conferences, which are co-sponsored by SOUTHCOM, elicited a lot of discussion but did not achieve much else. One solution for this is having smaller meetings with fewer participants with the goal of expanding on topics previously discussed by general officers during each security conference and reviewing proposed plans of action. In a recent interview with Diálogo, U.S. Marine Corps General John F. Kelly said that one of his greatest achievements in the last three years as commander of United States Southern Command (SOUTHCOM) was being able to avoid the inactivity that followed regional security conferences, such as CANSEC (Central-American countries), CENTSEC (Caribbean nations), and SOUTHDEC (the rest of Latin America), the main three meetings of this type in the Southern Hemisphere: According to Colonel Feliciano Benitez, commissioner for Panama’s National Border Service, “being invited to this type of conference is the key to integrating and to understanding different border threats, in our case with Central American countries, but also with South American nations.” He agreed that sharing information is an important part of the puzzle. “What’s really important here is to come to agreements that favor the exchange of information, and that we understand how the interoperability between security forces and armed forces work as they are utilized with increased frequency in the fight against drug trafficking in those nations.” By Dialogo July 02, 2015 Why was Venezuela there? Wow you helped me I subtract.1. It’s useless This article does not offer a solution for any problem in the Dominican Republic, eager for solutions. Problems and misery are what you offer. I like it, because they keep in mind that the security teams need reinforcements given the high number of cases of crime that come up daily all over the world and that has to be stopped as quickly as possible GREAT INITIATIVEWE BELIEVE IN OUR ARMED FORCES, FULL OF GLORY AND SERVICE.AND WE HOPE THEY ARE MODERNIZED AND BETTER PAID.FOR MY PART, I CAN MAKE A CONTRIBUTION BY OFFERING DIFFERENT TRAINING COURSES.CIPRIAN GARCIA MARQUEZ, ENGINEER May it all benefit the border security of these countries. CENTSEC’s main topic was illegal trafficking of drugs and people, a problem that is an increasing concern for many countries given that criminals have begun to conduct their activities more intelligently and efficiently thus making it harder to dismantle their illegal networks. Drug trafficking supplies and finances organized crime in a variety of ways, leading to increased violence, instability, and a chronic weakening of government institutions. This is especially true in countries that make up the so-called Northern Triangle, Guatemala, Honduras, and El Salvador. However, the problem has spread throughout the world. “A plan of action will come out of these groups, which will then be shared with each member of our area of responsibility,” said Gen DiSalvo. Suggesting that there are upcoming changes in terms of military leadership in the region as well as at SOUTHCOM (Gen. Kelly’s term as Commander concludes this year), the Deputy Commander added that this meeting will advance the development of a plan of action that will be submitted for the approval of these new leaders as soon as they assume their posts. The plan is to have a follow-up meeting every time a regional security conference takes place. In order to understand that interoperability, participants at the workshop were divided into three study and discussion groups on Maritime Security, Roles and Coordination between Military and Law Enforcement, and Cross Border Security. These were mediated by retired U.S. Navy Captain, Dr. Kevin Newmeyer, and retired U.S. Army Colonels Sergio de la Peña and Dr. Richard Downie, all of them experts in international relations and topics related to security in Latin America. During his opening remarks, Lieutenant General Joseph DiSalvo, SOUTHCOM deputy commander, said, “The most important thing is to shorten the gap between CENTSEC discussions and what can be concretely achieved, so that it can be analyzed and debated in the next regional security conference in 2016.” last_img read more

Notice: Government lawyer pro bono plan

first_img Government lawyer pro bono plan June 15, 2002 Regular News Notice: Government lawyer pro bono plancenter_img The Florida Bar Standing Committee on Pro Bono Legal Services’ last three reports on government lawyer pro bono activities are before the Florida Supreme Court for consideration. In its 2001 report, the Standing Committee recommends that Rule Regulating The Florida Bar 4-6.1 be modified to remove the deferral of government lawyers from the pro bono requirements of the rule.In 1993 when the Supreme Court adopted a comprehensive pro bono legal service plan, government lawyers who are prohibited by statute, rule, or other regulation from participating in the provision of legal services to the poor were deferred from the pro bono requirements of Rule Regulating the Florida Bar 4-6.1. See, Amendments to Rules Regulating The Florida Bar – 1-3.1(a) and Rules of Judicial Administration – 2.065 (Legal Aid), 630 So. 2d 501, 503-04. At that time, the Court explained:As with the judiciary, there are also specific rules or regulations that prohibit many government lawyers from practicing law other than in the performance of their constitutional or statutory functions. For example, sections 27.015 and 27.51(3), Florida Statutes (1991), place such a restriction on state attorneys and public defenders, respectively. Members of the military are also similarly restricted.The Government Lawyer Section of The Florida Bar, in a commendable effort, attempted to address the difficult issue of government lawyers’ contributing pro bono services. That section noted the problems faced by government lawyers. Those problems included not only restrictions on the practice of law, but also, even when not so restricted, the limited availability of staff and lack of malpractice insurance. However, rather than arguing for a total exemption, the section expressed the view that some ways could be developed to allow government lawyers to provide legal services to the poor despite these problems. For instance, it noted that certain government offices have developed pro bono programs through which lawyers in those offices could engage in providing pro bono services in limited areas.As with the judiciary, we strongly encourage the development of these types of programs. However, based on the prohibitions under which many government lawyers operate, we hold that government lawyers who are prohibited by statute, rule, or other regulation from participating in the provision of legal services to the poor are also deferred at this time from participating in this program. Id. In light of “the substantial pro bono legal services being provided by government lawyers and the numerous governmental entities, agencies and departments that have adopted pro bono policies and programs, which are discussed in its reports, the Standing Committee recommends that Rule 4-6.1 be modified to remove the deferral for governmental lawyers. The Standing Committee recommends that this change be accomplished by adding “an acknowledgment that pro bono legal service under the rule is overall a public service and within government lawyers’ public service responsibilities.”The court invites all interested persons to comment on the proposed change to Rule 4-6.1, as well as any matters addressed in the 1998, 1999, and 2001 reports, which are reproduced in full online at www.flcourts.org/sct/sctdocs/proposed.html. An original and seven copies of all comments must be filed with the court, in Amendments to Rules Regulating The Florida Bar Re: Pro Bono Activities by Government Lawyers, SC02-1050, on or before September 13, with a certificate of service verifying that a copy has been served on the Standing Committee Chair, Natasha W. Permaul, 100 South Hughey Ave., Orlando 32801. A separate request for oral argument should be filed if the person filing the comment wishes to participate in oral argument which has been scheduled for Thursday, November 7.last_img read more

CU financials are ‘simply amazing’

first_img NCUA recently released first-quarter financial and operating results for U.S. credit unions—and the results are amazing.Although U.S. economic growth slowed in the first quarter, consumers remain upbeat and engaged.Healthy labor markets are fueling personal income gains, boosting confidence, and creating solid increases in retail sales and housing purchases. Still, the Federal Reserve remains cautious, and market interest rate increases have been (and likely will remain) modest.Against that backdrop, U.S. credit unions reported increasingly strong membership growth, solid loan growth, higher asset quality, and healthier earnings in the first quarter of 2017.Overall, credit unions report a 1.2% increase in total memberships in the first quarter—slightly faster than the 0.8% increase seen in the fourth quarter of 2016. The annualized 4.8% first-quarter increase in memberships continues to greatly exceed the nation’s 0.69% full-year 2016 population growth. continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img CUNA Chief Economist Mike Schenklast_img read more

Forget about member loyalty, employee loyalty is all that matters now

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Denise Wymore Denise started her credit union career over 30 years ago as a Teller for Pacific NW Federal Credit Union in Portland, Oregon. She moved up and around the org. chart … Web: www.nacuso.org Details This was a hard title for me to write because I firmly believe if members are fiercely loyal to your credit union, they will market for you, buy more from you and are more profitable. What is at the center of building a loyal relationship with your members? Loyal employees. Without it, you’re at a greater risk than you know.  Swiss Psychiatrist Elizabeth Kubler Ross authored an amazing book called “On Death and Dying” that introduced us to the psychological cycle you go through during the grieving process. It is not just about dying; throughout life we experience many instances of grief. Grief can be caused by situations, relationships, or even substance abuse. I found this amazing article on MDVIP that breaks down the five stages and how this applies to the COVID-19 world we are all immersed in. See if you can relate to any of these feelings: Stage 1: Denial. “This virus is being overblown. I won’t stop going about my life because of what some TV reporter tells me.”Stage 2: Anger. “I’m furious I can’t go on my cruise. I know how to wash my hands.”Stage 3: Bargaining. “Fine, you can get me to stay home most of the time. But I’m still going to run my usual errands to the grocery store and bank.”Stage 4: Depression. “Being stuck at home is miserable. I miss seeing my friends and family. When will it end?”Stage 5: Acceptance. “I’m getting used to the new normal. At least I can still enjoy phone calls. What can I do to help others?”I would venture to guess that most of us have hit the first 4 stages. I know I have and it’s time to move into acceptance. I’ll go with you. The calendar has been playing tricks on us. First, we were promised that when it got “warmer” and the flu season usually dies down (probably a bad choice of words there, sorry) it should let up too. I accept this is in no way a seasonal thing and the regular flu season will be upon us soon and it will feel like a tsunami. Then, we weren’t promised it, but I think many assumed that when Fall came, schools would open again and that horrible experience of being forced to not only try and work from home, but make sure my kids are doing their schoolwork will never be a reality again. And yet here we are. We need to accept it and we desperately need to get creative with our accommodations for working parents of school age children. I am not one of those, but I had a conversation with a good friend of mine who is very professional, a great mom and a dedicated employee. Here’s what she shared with me: She said she feels like she’s a horrible mother. She works in marketing which many see as non-essential in a time like this, so she is desperately trying to make herself indispensable by working hard on retooling their messaging and being “online” and active in emails as much as possible so they don’t think she’s not working. You ask, how does she get this done AND make sure her daughter is getting a good education? By yelling at her to leave her alone and do her homework! And then, she burst into tears on the phone. She also shared that she is an extrovert and going to work fuels her because of the interaction with adult co-workers. It gives her the energy to come home and enjoy those precious moments with her baby girl. Unfortunately, now the drive to survive has taken over. Which brings me to my next observation of another well-known psychological reference, Maslow’s Hierarchy of Needs. Abraham Maslow published a paper in 1943 that illustrated the “theory of human motivation.” Susan Mitchell wrote an amazing piece on CUInsight in May of this year that did a great job of explaining it in a time of crisis. She refers to the People Pandemic, where we have been rocked back to our core (the bottom rung of the pyramid) focusing on the most basic needs, food, shelter, and hygiene. This explains why people were hoarding toilet paper and making hand sanitizer out of vodka and aloe vera lotion.Like the stages of grief there are five levels of the human motivation pyramid, and the belief is that you cannot move up the pyramid unless the needs are met at the lower levels. Here they are in order from the bottom to the top:Physiological needsSafety needsLove and Belonging needsEsteem needsSelf-actualizationBefore COVID, credit union management didn’t have to worry too much about the bottom two because a paycheck brings financial security and stable employment and a safe work environment are kind of a given in a well-managed, caring culture. All of which, credit unions are known for. Credit unions have even been accused of being ‘too nice’ and aren’t quick to downsize or layoff people – they truly are seen as our greatest asset…or so we said. But now we have a double-edged sword. Our financial assets are at tremendous risk at the same time our people are shell shocked. Think of your last core conversion, or when you rolled out a big new product. Did that disrupt your culture a bit? Change is hard for most people, and it probably felt like the first day on the job again – you have so much to learn. Of course, it rocked them. How do you think your employees are feeling today?Communication. In most credit unions that I’ve worked in and consulted with, communication is always cited as one of the top things they need to improve on. I’ve honestly never heard this in a credit union, describing a problem with their culture, “There’s WAY too much communication from management.” In fact, it’s the exact opposite. And that was pre-COVID. We weren’t good at it when we were all under one roof. Now imagine your employees have been exiled to their home, with their kids, the schools are teaching them “how to teach” and the credit union is still trying to figure out how to have effective virtual meetings, training, and keep projects moving along. So how can you build employee loyalty in a time of social distancing, mandatory home schooling, and the COVID crankiness we are all experiencing? We need to have some fun. That’s right. Stop working and start playing.  There is no playbook written for how to manage your staff during a global pandemic. We are all writing this together. This is a horrible time in history. Awful. Makes me want to scream. At PixelSpoke (a digital marketing company for credit unions) they asked employees to describe their new “co-worker.” The funniest one wins. We all have at least one child, pet or partner who, for better or for worse, has been seeing a lot more of us these days. These are my two favorites: “My co-worker prioritizes naps over real work, but she does trade in naps on occasion for strategic-thinking sessions looking out the window.” (co-worker: cat)“One of my coworkers refuses to wear pants. It’s very unprofessional. The other one keeps interrupting my meetings to ask for cheese sticks.” (co-workers: young kids)Another great idea requires employees take “mental health time” each day. Think of this as a company wellness program for the brain, not just physical health. And for those of you that have already gone down the path of distrust and scrutiny of the virtual employee, consider this … 53% of financial services respondents to a survey had said that productivity has stayed the same and 20% said it’s actually improved. The rest? They were probably not as productive as they could have been before COVID. You’ll never hit 100% so don’t get derailed by notions that you should install some kind of big brother device to make sure you’re getting your “money’s worth.”If your employees are not happy, don’t feel secure, are stressed out about increased demands for their time, and are “in the dark” most of the time, you will lose good employees and consequently good members. Maybe we should all begin by changing Human Resources to Happy Resources? I would love to hear what creative and fun things you are doing for your employees during this COVID crisis.last_img read more

Silicon spin-off for Ipswich

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People moves: LPFA hires to strengthen ESG capability

first_imgDNB – Pensions regulator De Nederlandsche Bank (DNB) has named Albert van der Meer as supervisor of medium-sized pension funds as of 1 September. He joins from Strategeon Investment Consultancy, where he has worked since 2011. At Strategeon, Van der Meer advised pension funds on risk management, risk budget, the assessment of fiduciary asset managers, and operational processes at asset managers and pension funds.T Rowe Price – Peter Preisler, head of global investment services for Europe, Middle East and Africa (EMEA), is to leave the asset manager later this year. Preisler has worked at T Rowe Price for more than 14 years, having previously spent 15 years at Danske Bank in various senior roles. He is leaving “to pursue other opportunities in the industry outside of the group”, said Robert Higginbotham, head of global investment services.Higginbotham – who will take on Preisler’s responsibilities – added that he had played a “key role” in T Rowe Price’s development in Europe. “I would like to thank Peter for everything he has done for our clients, our associates, and our firm. He leaves with our very best wishes for the future,” Higginbotham said.Pensioenfonds Notariaat – Sjoerd Hoogterp is to leave as director of the new €2.7bn merged pension fund for notaries and their staff, as of 1 September. Initially director of the pension fund for notaries (SNPF), Hoogterp had been closely involved in the merger of SNPF and the scheme for notaries’ staff (SBMN) during the past two years. Previously, he was temporary director of the pension funds PWRI and Sabic as well as the schemes Mercurius (PMA) and Celtona that have liquidated. Currently, Hoogterp is a board member of the €8.9bn sector scheme for the hospitality industry (Horeca & Catering). He is also chief financial officer at publisher SDU.State Street Global Advisors – SSGA has appointed Jacqueline Lommen as senior defined contribution (DC) pensions strategist for Northern Europe. Based in Amsterdam, Lommen will become responsible for developing SSGA’s DC operations, focusing on the Netherlands as well as cross-border arrangements. Lommen joins from asset manager Robeco, where she was vice president for European pensions. Prior to this, she co-headed the pan-European pensions department of Aon Hewitt and was responsible for Aon’s first cross-border IORPs in Belgium. Lommen has also worked at DNB and Aegon.Separately, SSGA has also hired Rakhi Kumar as head of environmental, social and governance (ESG) and asset stewardship, while Matt DiGuiseppe and Robert Walker have been appointed to lead the asset stewardship team’s work in the Americas and EMEA, respectively. Lynn Blake, CIO for global equity beta strategies, said the expanded stewardship team would “enable us to capitalise on the success of our asset stewardship programme and position us for continued growth in ESG”.“ESG concerns continue to play a larger role in asset management, not only as an investment tool, but also as a way to assess and engage the companies our clients invest in through index strategies,” added Kumar.Pensions and Lifetime Savings Association (PLSA) – The UK’s trade body for pension schemes has named Chris Hogg, chief executive of Royal Mail Pension Trustees,as chair of its defined benefit council. In addition, Carol Young, head of pensions, policy and products at Royal Bank of Scotland, has been appointed chair of its defined contribution council. The two councils are responsible for developing policy positions and improving PLSA member representation. The pair will take up their new positions from 20 October 2017, coinciding with the trade body’s annual conference.Pensioenfonds IBM – Rijk Griffioen and Rob Houweling have joined the board of the €4.5bn pension fund of IBM in the Netherlands (SPIN), succeeding Paul Snoek and Joep Wijffels. Griffioen had been nominated by the employer. Previously, he was an investment manager at SPIN and a pensions manager at IBM Japan, and has also worked at IBM Retirement Funds EMEA. Houweling was nominated by the works council, and was previously chairman of SPIN’s former participants council.Algemeen Pensioenfonds KLM – The €8.3bn KLM pension fund for ground staff has named Marianne Meijer-Zaalberg as board member on behalf of the scheme’s pensioners. She succeeds Henny Essenberg, who has stepped down. Currenty, Meijer chairs the supervisory board of the sector pension fund for public libraries (Openbare Bibliotheken) and is also a member of the visitation committees of several schemes. Prior to this, she was a senior pensions lawyer at law firm Loyens & Loeff and director of the €347m pension fund Sagittarius, the company scheme of electronics wholesale firm Rexel.Kirstein – Mikkel Kirkegaard Hansen has been hired by Kirstein Intelligence as an investment consultant with effect from 1 August. He will manage customer relations with certain asset managers, advising clients using information collected by Kirstein from investors in Europe, the firm said. Kirkegaard Hansen previously worked at Danske Bank Wealth Management.Actuarial Society – The Dutch Actuarial Society and the Actuarial Institute have appointed Hans Duijn as their new chief executive officer as of 1 August. He succeeds Jeroen Breen, who headed both organisations since June 2011. Previously, Duijn was chairman of pensions insurance at Achmea and director of group life at insurer Fortis/ASR. He has also served on the boards of the Dutch Association of Insurers, employer organisation VNO-NCW and pensions think tank Netspar.KPMG – The accountancy and consulting giant has hired Neil Macdonald as a managing director in its asset management business. The newly created London-based role was designed to improve the company’s ability to help clients navigate major issues such as new technologies, new regulations and Brexit. KPMG said. Macdonald has held senior positions at asset managers JP Morgan, BlackRock and Barclays Global Investors. LPFA, DNB, T Rowe Price, Pensioenfonds Notariaat, SSGA, Robeco, PLSA, IBM, KLM, Kirstein, Dutch Actuarial Society, KPMGLondon Pensions Fund Authority (LPFA) – The £4.5bn local government pension scheme has appointed Nigel Topping and Barbara Weber to its trustee board. Weber is founding partner of B Capital Partners, a specialist adviser on infrastructure and clean energy investments. She worked in infrastructure, private equity and project finance roles at Dresdner Kleinwort Benson and PolyTechnos before setting up B Capital Partners in Switzerland in 2003.Topping is CEO of We Mean Business, a coalition of organisations focused on climate change. He was executive director of the Carbon Disclosure Project between 2013 and 2015.LPFA’s board recently adopted a new investment policy aligned with London mayor Sadiq Khan’s policy on divestment. Where the scheme’s fiduciary duty permits, LPFA “will not consider new active investments in fossil fuel companies directly engaged in the extraction of coal, oil and natural gas as sources of energy which are ignoring the risks of climate change”, the fund said. It has also stated its intention to divest from existing holdings in such companies, if engagement is not possible and there is no financial detriment to the fund.last_img read more