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The Board actively engages with companies in which it is invested and is committed to managing its funds in a way that reflects the Church's teaching and values. It is the only pension provider offering schemes that fully comply with the Church of England ethical investment policies. Climate change is a systemic risk to all long-term investors.
The income is used for the payment of pensions to retired clergy whose pensions were accrued before 1998 (subsequent pensions are the responsibility of the Church of England Pensions Board) and a range of other commitments including supporting the ministries of bishops and cathedrals and funding various diocesan and parish missions initiatives. [6]
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A Measure passed by The National Assembly of the Church of England to make further provision with respect to the powers of the Church of England Pensions Board and to confer on the Board the status of a housing association and of a trust corporation. (Repealed by Clergy Pensions Measure 1961 (9 & 10 Eliz. 2. No. 3))
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