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The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.
Although present data coverage may not be perfect, it is improving rapidly, and our requirements will help to accelerate this process significantly,” said a statement by DWP Secretary of State Therese Coffey and Pensions Minister Guy Opperman.
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