The Pension Protection Fund Britains equivalent to the PBGC is searching for a consultant to advise on socially responsible investments, spokesman John Lavabre said. The consultant will develop and manage an SRI policy that would also include active governance proxy voting, he said. As we expand, were seeking to appoint a specialist to further our commitment to uphold SRI principles, Mr. Lavabre said. The providers responsibilities will also include ensuring that the funds eight external managers, which currently run its entire £750 million ($1.5 billion) in assets, abide by its SRI policy. The funds assets are estimated to increase to about £5 billion in two years.
Proposals are due May 2, and an appointment is scheduled for this summer.