mast image

Special Report

Impact investing

Sections

UK: NAPF’s wants trustees to “pull their weight”

UK – The National Association of Pension Funds has published a guide on voting to help pension fund trustees “pull their weight” with UK firms.

It said its new ‘Voting made simple’ guide explains how trustees can exercise their rights, as beneficial owners, to vote at company meetings. It would help pension funds “pull their weight in British business”.

“Pension funds are the owners of nearly one fifth of British business, and exercising their rights allows them to express their support for, and occasional disapproval of, the way a company is being run,” the NAPF said.

The guide explains how trustees can make sure their votes do not get “lost”.

“This new guide spells out to pension funds the simple and elegant solution to the problem of getting investment managers to vote on their behalf without getting drowned in data,” said NAPF corporate governance advisor Geoff Lindey.

“This guidance sets out practical steps that will help trustees ensure that their voting rights are exercised and that they discharge their responsibilities as the beneficial owners of company shares,” said Paul Myners, author of reports on institutional investing and voting, in the foreword.

Meanwhile, the Pensions Advisory Service and the Association of Pension Lawyers have joined forces to launch a pilot mediation scheme.

It will be run by the advisory service with lawyers providing their services free of charge.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<