Schemes should engage in active dialogue with the companies they invest in a bid to improve corporate governance and returns, delegates heard.
Morley Fund Management head of corporate governance Iain Richards said good governance could account for over 40pc of the share price. Richards said: “Many of those in business see significant value...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests