The Church of England Pensions Board administers a number of
pension schemes and the assets of these schemes are pooled for
investment purposes. This allows the smaller schemes to access
economies of scale and investment opportunities that might not be
available to them otherwise.
The Board's Investment Committee, chaired since July 2009 by
Clive Hawkins, supervises the Board's investment fund managers and
implements the investment policy set by the Board. It has the power
to select, review and deselect, where appropriate, investment
managers and the custodian. It also monitors investment performance
and compliance with the Board's ethical investment. It meets at
least six times each year.
A Statement of
Investment Principles (SIP) covers the pension funds for which
the Board is corporate trustee as well as for the common investment
fund. It covers the strategy and management arrangements, including
custody of securities, ethical factors and restrictions within
which the managers operate and use of voting rights.
The Pensions Board is committed to managing its assets in a way
that reflects the Church's teaching and values. We help to fund,
and receive both advice and support from, the Church's Ethical
Investment Group on all issues relating to the ethics of
investment. We are also signatories to the UN Principles for
Responsible Investment and the 2009 Investor Statement on the
Urgent Need for a Global Agreement on Climate Change.