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UK Stewardship Code to Keep up with the Times

Chris Hall

Andrea Tweedie, Head of Stewardship at the Financial Reporting Council, highlights progress to date and calls for ‘good, bad and ugly’ feedback ahead of the upcoming review. The new codes substantially raised expectations for how money is invested on behalf of UK savers and pensioners,” said Tweedie.

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Lack of Resources Weakening Stewardship Efforts

Chris Hall

This is a significant hiring slowdown, perhaps indicating that stewardship and engagement is an area that managers are willing to cut as they face more challenging times financially,” the report mentioned.

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This Week’s People Moves: Simpson Steps Down as CDP CEO

Chris Hall

ESG Investor’s weekly round-up of moves and appointments in the sustainable investing sector, including CDP, Loomis Sayles, UKSIF, Built by Nature, Arcadian AM, London Pensions Fund Authority and PLSA. Prior to joining, Stevenson was Head of Business Development at Neuron Advisers, a boutique quantitative alternative investment firm.

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FCA Guidance Needed on ESG-based Exec Pay

Chris Hall

UKSIF has responded to the UK regulator’s discussion paper, asking for further clarity and innovation when linking sustainability goals to remuneration. It suggested embedding sustainability-related objectives into the annual appraisal processes for staff as an example.

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Stewardship Nears Breaking Point

Chris Hall

However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural Stewardship Summit , it became clear that many asset owners lack the resources necessary to fulfil their engagement ambitions.