Pensions or the planet?
WHAT IS THE MAIN task of the fund management industry? Fund managers act on behalf of savers, the people who are to benefit from pension funds when they retire or have saved via insurance policies to limit risks to their dependents, and so on. Surely, fund managers’ job is to obtain the best possible returns for them.
That sounds simple enough. Indeed, regulators make a big fuss about the importance of fund managers putting clients’ interests first, as when orders are placed for
