Unison appoints SRI mandate

A little snippet from the Professional Pensions website. Would be interesting to see what Standard Life are going to do for the Unison fund since it is badged up as an engagement overlay.

The Unison pension fund has awarded Standard Life Investments a £140m active equity mandate.

The mandate, which covers UK and overseas equities, includes a socially responsible investment and engagement overlay.

Standard Life Investments head of socially responsible investment Julie McDowell said: "Our appointment by Unison provides an ideal example of the way in which SRI can complement and enhance investment goals, whilst enabling clients to adhere to key principals."

Unison staff pension scheme chair of trustees David Limb said: "We have applied an SRI policy to our investments for some time. Such a policy, especially when it includes active engagement, is very important to us."