AUSTRIA - Carl Spaengler KAG has appointed F&C Asset Management to manage a share voting and governance socially responsible investment engagement overlay programme.
F&C will apply its responsible engagement overlay programme to seven of Spaengler’s mutual equity funds with assets under management worth e260m.
Michel Bernard, director of institutional funds at F&C, said it was the company’s first mandate in Austria. “This is an indication that awareness of governance and SRI issues across continental Europe and beyond the pension fund community is growing,” said Bernard.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.