The chief executive of FairPensions has advised the organisation will continue to push pension funds to be transparent after the organisation changes its name to ShareAction later this month.
Advising of the rebrand, which will be live from 18 March, Catherine Howarth said:
"Our wider goal has not changed: to transform the investment system into one that better serves savers, society and the environment.
"We will continue to push pension funds to be transparent and responsive to the millions of people whose savings are entrusted to capital markets. Indeed with pensions automatic enrolment coming in and many UK workers joining pension schemes for the first time, we remain strongly committed to action in support of responsible investment of pension savings," she said.
FairShare Educational Foundation will continue to be the charity's legal name which will be used in formal correspondence, but ShareAction will be its trading name.
FairPensions launched in 2005 with the objective of promoting responsible investment by pension funds and fund managers. Specifically it highlights business practices that are negligent or harmful to people or the environment.
Howarth said that since its launch the charity has found itself engaging a wider range of investors and believes the rebrand conveys its broader scope.
FairPensions was shortlisted in The Charity Awards 2012 for its lobbying campaign to make FTSE100 companies to provide a living wage. Read more here.
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