A report released at the end of April shows that major UK pension funds are now acknowledging the potential of 'non-financial' issues to affect the value of investments, but many still lack key strategies to manage these risks. The report also raises questions about the fund management industry's ability to meet changing client needs and demands. The research, by FairPensions, includes a 'league table' of the UK's 30 largest pension funds, which together have 4.86 million members, are worth an estimated 351 billion pounds and are seen as industry trend-setters. According to FairPensions, a third of funds which submitted information apparently do not apply their statements recognising the potential impact of ESG issues to the instruction, selection or reporting requirements from their fund managers. Moreover, almost half of the funds surveyed do not disclose their largest investments, and two thirds don't disclose their voting record.