All UK Stewardship Code articles
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News
Trustee body slams UK Stewardship Code changes as ‘unacceptable’
The Association of Member Nominated Trustees has criticised the FRC for what it deems the “emasculation” of a key principle of the existing UK Stewardship code.
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People NewsOmbudsman Anthony Arter awarded in New Year honours
On the go: The Pensions Ombudsman, the chief executive of NatWest, and the former chair of the Investment Association are among those who have been given awards in the King’s New Year honours list.
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NewsEnvironment Agency fund races ahead of emissions targets
On the go: The £4.3bn Environment Agency Pension Fund is ahead of its target to cut emissions exposure to coal, oil and gas, according to its new stewardship report.
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NewsNine new pension funds sign up to UK Stewardship Code
On the go: HSBC Bank (UK) Pension Scheme, Royal Mail Pension Plan, and the NatWest Group Pension Fund are among the nine new pension schemes that have successfully signed up to the UK Stewardship Code.
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NewsCalls for stewardship code to engage members as well as managers
On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.
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NewsSchemes urged to adopt guide for tackling deforestation
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new guidance for pension schemes to tackle deforestation, and research showing engagement improved with the Stewardship Code.
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NewsSPP warns of covenant ESG risk, Scottish Widows issues ultimatum
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Society of Pension Professionals’ new guide to ESG, and Scottish Widows’ stewardship demands of its asset managers.
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NewsSchemes and asset managers told to buck up stewardship
On the go: Pension schemes and asset managers should embed stewardship “in every aspect of their relationship”, the Investment Association and the Pensions and Lifetime Savings Association have said.
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NewsTPR to review Stewardship Code with watchdogs and government
The Pensions Regulator will work with the government and fellow watchdogs to review the Financial Reporting Council’s revised UK Stewardship Code.
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OpinionThe future of pensions
Thornton T Munger, a pioneering research scientist, once said: “The habit of saving is itself an education.” Unfortunately, across the UK, this education is lacking.
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NewsEighteen new pension firms sign up to UK Stewardship code
On the go: Wales Pension Partnership, the Pension Protection Fund and Barnett Waddingham are among the 18 new pension companies that have successfully signed up to the UK Stewardship Code.
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NewsJust two bulk annuity insurers are signed up to UK Stewardship Code
Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.
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NewsFRC receives more Stewardship Code applications than expected
On the go: The Financial Reporting Council says it has received significantly more applications than expected for the second round of its UK Stewardship Code.
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NewsGovernments should consider green investing incentives, says IMF
Policymakers should consider providing a financial incentive for sustainable funds as existing capital is “too limited in size and scope” to have a major impact on climate change, the International Monetary Fund has warned.
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NewsTaskforce lays out measures to boost schemes’ voting powers
The Taskforce on Pension Scheme Voting Implementation has called on the Department for Work and Pensions and the Financial Conduct Authority to create templates and requirements aimed at boosting asset owners’ ability to vote, especially in pooled funds.
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NewsOne-third of applicants declined in UK Stewardship Code revamp
On the go: More than 60 applicants to the revamped UK Stewardship Code did not make the final list of companies complying with high standards of stewardship for those investing money on behalf of UK savers and pensioners.
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OpinionSystemic issues won't be addressed until regulator thinks systemically
The Pensions Regulator’s recently launched consultation on a new consolidated code of practice asks trustees to “identify and account for the systemic risk of climate change in decisions made about the scheme’s investment and funding”.
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News
Church of England publishes first stewardship report
On the go: The Church of England Pensions Board has published its first annual stewardship report, setting out its future priorities, which focus on climate change and extractive industries.
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NewsTPR’s new code of practice has ‘major implications’
The Pensions Regulator’s proposed new code of practice has “major implications” for pension schemes, introducing a raft of new duties and requirements around climate change, stewardship, investment and administration, experts have said.
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News
One in three managers use their influence on voting rights
On the go: Only a third of asset managers are able to provide details of how they have used their influence in voting as investors, according to new research.