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      Bank of England’s Bailey: Interest rate cuts not on the horizon

      Andrew Bailey addressing economic policies at a press conference, emphasizing financial stability amidst market challenges

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Local Authority Pension Fund Forum

  • BP chair Helge Lund to step down as Aviva chief heads search for successor

    Energy

    BP has announced that its chair Helge Lund will step down, with Aviva chief executive Amanda Blanc – a non-executive director for the blue-chip oil giant – set to lead the search for a successor.  Lund is expected to stay on until 2026, which BP says will “ensure an orderly transition.”  Blanc has said that [...]

    BP is facing pressure to cut costs.
  • Barclays under fire from shareholders on fracking funding

    ESG

    Barclays has come under fire from its shareholders, including the Local Authority Pension Fund Forum (LAPFF), for providing financial support to fracking companies.

    There has been a moratorium on fracking in England since 2019 because of earthquakes caused by the method.

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