Stewardship Code
Putting beneficiaries first with stewardship reporting
Claudia Chapman sets out why schemes should look at expand their stewardship reporting and learn from best practice.
AMNT urges FCA to respond to its investment stewardship complaint
The Association of Member Nominated Trustees (AMNT) has called on the Financial Conduct Authority (FCA) to respond to a complaint it made in May regarding investment stewardship.
FRC launches revised stewardship code
The Financial Reporting Council (FRC) has launched a revised stewardship code – significantly raising its expectations on how money is invested.
It's time to get serious about sustainability
Wolfgang Kuhn says pension funds must considered the real-world impacts of their investments
FRC to set higher investor stewardship standards with new code
The Financial Reporting Council (FRC) is consulting on a new stewardship code that sets higher expectations for investor stewardship policy and practice.
Do we need a fresh Myners review?
Jonathan Stapleton wonders whether we need a thorough review of the principles for institutional investment decision-making
Have your say: Should struggling sponsors be allowed to suspend indexation?
This week we want to know if the government should allow troubled DB sponsors to suspend any pension increases for a short time until they get back on track.
Number of schemes regularly discussing stewardship doubles in three years
The proportion of pension funds that say stewardship is regularly discussed at trustee meetings has risen to 37%, according to a Pensions and Lifetime Savings Association (PLSA) survey.
PLSA hires policy leads for DC and corporate governance
The Pensions and Lifetime Savings Association (PLSA) has made Tim Gosling policy lead for defined contribution (DC) and Luke Hildyard policy lead for stewardship and corporate governance.
Government rejects Law Commission's advice on fiduciary duty
The government has rejected the Law Commission's advice to clarify how trustees can consider environmental, social and governance (ESG) factors and ethical concerns in their investment decisions.
How investors engaged on big corporate issues in 2014
PP looks at whether engagement was successful in tackling concerns in four large firms including GSK and AstraZeneca
Number of managers reporting on stewardship and voting falling
The proportion of asset managers reporting to clients on their stewardship and voting activities fell last year, according to the Investment Association.
Asset managers 'side too often' with company management
Some asset managers are failing to use their voting rights to properly steward pension assets and are not being sufficiently transparent, according to a report by ShareAction.
Industry gives Altmann cautious backing
Just under half of respondents to Professional Pensions' weekly poll said Ros Altmann was a good choice as pensions minister.
Five stories you might have missed: Stewardship Code warning; Lehman resolution; TPR fines
Top stories this week include concern over proposals to force schemes to sign the Stewardship Code, the end of a six-and-a-half year legal wrangle, and four escalating fines from TPR.
Industry slams DWP plan to force Stewardship Code on schemes
Two trade bodies have criticised a proposal to require pension schemes to comply with the Stewardship Code or explain why they have not.
Schemes struggle to find out what they pay in fees
The majority of the pensions industry believe it is difficult for schemes to find out what they are actually paying in asset management fees, according to research from PP.
ShareAction reveals the best and worst asset managers for transparency and stewardship
ShareAction reveals the top and bottom performers
Schemes launch guide to improve responsible investment reporting
A group of sixteen pension schemes have launched a guide to responsible investment reporting in public equity.
FRC to investigate Stewardship Code compliance
The Financial Reporting Council (FCR) has confirmed it will scrutinise adherence to the Stewardship Code amid fears about signatories' commitment.
BIS is not helping to promote long-term investing
Con Keating says government attempts to promote shareholder engagement are pointless and will increase costs
NAPF urges trustees to quiz managers on enhanced voting rights
The National Association of Pension Funds (NAPF) is encouraging trustees to quiz their fund managers about their use of the enhanced voting rights and Japan's Stewardship Code.
Quarter of NAPF Stewardship Code signatories complete disclosure framework
Around a quarter of asset manager signatories of the National Association of Pension Funds' (NAPF) Stewardship Code have completed the body's disclosure framework since its October 2013 launch.
Buzz: Half respondents think consultants should promote stewardship
Half of Buzz respondents feel consultants have a duty to promote stewardship, while three out of 10 contributors said this fell outside their remit.
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