Stewardship stamp of approval for SI Engage clients

The Financial Reporting Council (FRC) has once again given Liontrust its stamp of approval, retaining the asset management company on the UK Stewardship Code signatory list for high standards on stewardship for those investing money on behalf of UK savers and pensioners, and those that support them.

In addition, we’re delighted to report Redwheel has recently joined 42 new signatories on the register. This takes the total number of signatories to 236 with assets under management (AUM) of £40.7tn, an increase from £33.3tn. 

The FRC describes 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.” 

Signatories are required to report annually on their stewardship policies, processes, activities and outcomes for a 12-month reporting period.

Reporting becomes a focus

Mark Babington, Executive Director of Regulatory Standards highlighted that there needs to be greater emphasis on signatories reporting their activities and outcomes during the reporting period, using both quantitative and qualitative evidence, as the FRC will increase focus on this area in future assessment updates. 

He said:

“I congratulate the new and returning signatories to the UK Stewardship Code. It’s also great to see improvements in how organisations are evidencing their stewardship each year and more tailored explanations on how they apply the Code to demonstrate their stewardship activity and outcomes effectively.  

Using our feedback to provide clear, comprehensive and outcome-based reporting is what the spirit of the Code is all about and why it is considered the gold standard for stewardship across the globe.” 

Use SI Engage to meet and exceed best practice across stewardship, ESG and active engagement. Get in touch to find out more.