We are currently reviewing our stewardship and engagement activity in line with the policy statement and will make further disclosures in due course.
Stewardship aims to promote the long term success of companies in such a way that the ultimate providers of capital also prosper. Effective stewardship benefits companies, investors and the economy as a whole. (UK Stewardship Code, FRC, September 2012).
We expect stewardship programs to have an impact. This is demonstrated through strong engagement, thought leadership and voting. Please view the regular voting reports which are linked to below to learn more.
We ask all out to our fund managers to comply with the UK Stewardship Code
The stewardship code
What is the stewardship code
The UK Stewardship Code is a set of principles and guidance for companies like us who are responsible for the funds our customers invest in. The Code represents current best practice on how we should perform our stewardship duties.
The purpose of the Code is to improve the quality of engagement between large investors, such as fund managers, to help improve long-term returns and the efficient exercise of governance responsibilities.
At its simplest, stewardship is the responsibility to take care of something in one’s keeping. In this case, it involves the effort and activities undertaken by the fund managers we appoint to manage our customers’ money to monitor, engage and intervene on matters that may affect the long term value of companies and the capital invested in them. This can include corporate strategy, performance, corporate governance, environmental and social issues that may materially affect the future sustainability of companies.