News in brief - 7 May 2020

Royal London has joined the International Corporate Governance Network (IGCN).

The membership, which is part of the firm’s responsible investment push, will give the mutual insurer a further platform from which to “influence public policy”. It also follows the firm's decision to sign up to the UN’s Principles for Responsible Investment earlier this year. Commenting on the move, ICGN chief executive officer, Kerrie Waring, added: “This exemplifies a strong commitment to good governance and investor stewardship as a pre-requisite for protecting and enhancing long-term value on behalf of Royal London clients and beneficiaries.”

Scam Man and Robbin’, the online game that aims to tackle pension scams, has been played over 1,000 times in its first week.

The game, created by PensionBee, AgeWage, Smart Pension and Nutmeg, alongside JMAN Group, aims to educate users about potential pension scams in response to a spike in online fraud. In the first week following its launch on 29 April, the game was played 1,071 times. Commenting on the launch, PensionBee chief executive, Romi Savova, added that it was “essential” for the pensions industry to come together and find innovative ways to educate consumers, particularly during “this time of economic uncertainty”.

Morgan Stanley Investment Management has announced a new Global Climate Impact Fund.

The $110m fund, announced by Alternative Investment Partners Private Markets (part of Morgan Stanley Investment Management), looks to address “critical climate issues” including global warming, depleting resources and eco diversity. The fund was launched in a 'first of its kind' collaboration with the US congregations of Dominican Sisters to find investment solutions focusing on climate change and aiding “marginalized communities that are disproportionately impacted by global warming”.

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