UK – The £33bn (€57bn) BT Pension Scheme has become the latest member of the Enhanced Analytics Initiative, which seeks to encourage investment research to look at extra-financial issues.

BT will be an associate member because it does not manage its own assets internally and has no direct contact with research providers. The BT-owned Hermes Pensions Management is already a member of the EAI.

BT follows €187bn Dutch civil service scheme Stichting Pensioenfonds ABP, which joined the EAI last week.

”We are pleased to lend our support to this important initiative which we believe will assist the BT Pension Scheme's fund managers in maximising the long term value of the scheme's assets," said BTPS trustee board chairman Sir Tim Chessells.

The EAI was established by a group of asset owners and fund managers committed to promoting better sell-side research on extra-financial issues.

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