17 Dec 2020

The UK Stewardship Code 2020 took effect on 1 January 2020 and sets high expectations of those investing money on behalf of UK savers and pensioners, not just in equities, but in other asset classes, including real estate and infrastructure.  It defines stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.

You can find more information on the FRC Stewardship Code webpage.

Watch the replay of our Member Event (Feb 2021) 'An Introduction to the Stewardship Code' - We held a roundtable for our members, aimed at those who are less familiar with the Code and are deciding whether they would like to become signatories.  It covered some of the challenges of reporting on real estate and some other key information.  Watch the replay of the event here.

 

Related links/materials:

The Investment Associations Stewardship Reporting Working Group (for IA members):

The IA’s Stewardship Reporting Working Group supports IA members to meet new stewardship reporting requirements such as becoming signatories to the UK Stewardship Code; meeting their obligations under the Shareholder Rights Directive II and client reporting, such as responding to pension scheme SIP regulation. The group is a forum for the IA to update members on regulatory and market developments; to hear feedback from members on issues of concern and feed this back to regulators and policymakers and is also a forum for members to provide peer support and discuss best practice.  

The Working Group meets on an ad hoc basis and reports into the IA’s Stewardship Committee.  The working group is open to all IA fund members involved in stewardship reporting, for example from stewardship, investment, compliance, or legal teams.  For more information, IA members should contact [email protected].

 

 

Author

Clare Whyte

Clare Whyte

Head of Marketing & Events, AREF

Clare is responsible for all aspects of the planning, development and execution of the marketing strategy for AREF. 

Clare leads on event management, liaising with committees and members to schedule, plan and deliver an effective events calendar for the association.  She also has overall responsibility for brand, as well as the design, development and production of marketing across both digital and offline channels, including the website.