FRC: Trustees 'should challenge' managers on Stewardship Code compliance

Stephanie Baxter
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Financial Reporting Council (FRC) chairman Sir Winfried Bischoff has raised concern that pension schemes fail to properly check whether their asset managers adhere to the UK Stewardship Code.

Speaking at the National Association of Pension Funds (NAPF) responsible owners seminar yesterday, Bischoff revealed that some managers were signing up to the code to get on investors' shortlists b...

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