UK - Isis Asset Management has revealed details of its voting record on almost 14,000 company resolutions.
Isis claims it is the first time any European fund manager has opened its voting records to public scrutiny and believes it is likely to prompt other groups to follow suit.
Its first annual Voting and Governance Report shows that Isis voted in 13,866 resolutions in the areas of corporate boards and their directors, capital structure, remuneration and routine business.
It opposed the decision of management in 5% of cases.
The issues Isis discussed most frequently with companies over the first quarter were bribery and corruption, which were raised with 47 firms.
Isis director of governance and SRI Karina Litvack added: “We cannot ask firms to be open and transparent if we can’t do it ourselves – it is important to practice what we preach.”
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.