Header Image

For Pension Funds / Institutional Asset Owners

UKSIF supports occupational pension funds and other institutional investors to adopt more sustainable and responsible investment strategies with the aim of enhancing long-term shareholder value and financial returns for fund members. We also encourage pension funds to provide appropriate investment options where member choice is available.

Highlights of UKSIF’s work

Understanding and Applying Fiduciary Duty, The Guide, Ownership Day 2016

UKSIF’s response to the FRC’s Stewardship Code consultation (July 2012)

UKSIF’s response to House of Commons Work and Pensions Select Committee enquiry into Governance and Best Practice in Workplace Pension Provision (April 2012)

‘Responsible Business: Sustainable Pension’ (September 2011)

‘Responsible Business: Sustainable Pension’ (June 2009)

‘Responsible Business: Sustainable Pension’ (October 2007)

‘Focused on the Future: Celebrating ten years of responsible investment disclosure by UK occupational pension funds’ (June 2010)

‘Local Government: Responsible Pension’ (November 2007)

For information on how to apply for UKSIF membership or join as an institutional asset owner affiliate, please click here.

Start here

NEST’s approach to responsible investment can offer a benchmark for DC pension schemes. It aims to apply a responsible investment approach to all assets and offers additional screened fund choices.

National Association of Pension Funds (NAPF) has issued Responsible Investment Guidance (March 2009)

UKSIF’s report ‘Responsible Business: Sustainable Pension’ (September 2011) benchmarks the responsible investment processes of corporate pension funds.

The Financial Reporting Council (FRC) provides information about the UK Stewardship Code and lists signatory organisations. The Code sets out good practice on engagement between institutional investors and companies to help improve long-term returns to shareholders and the efficient exercise of governance responsibilities. Revisions to the Code from 1 October 2012 emphasise the role of pension funds and other asset owners in delivering better stewardship.

The Final Report of the Kay Review of UK Equity Markets and Long-Term Decision Making (July 2012) is likely to prove influential. The UK government’s response is expected before end 2012.

Additional Resources

The NAPF website has additional information and resources including ‘Corporate Governance Policy and Voting Guidelines’ (November 2011) and ‘Stewardship made simple: Practical Steps for Pension Fund Trustees’ (March 2011)

ShareAction has produced a Responsible Investment Trustee Best Practice Guide. It has also published reports on fiduciary responsibility and pension fund governance.

The UN-backed Principles for Responsible Investment (PRI) is a network of international investors working together to put the six Principles for Responsible Investment into practice. The PRI currently has over a thousand signatories including many of the largest pension funds and asset managers worldwide.

Investment consultants Mercer and Towers Watson provide information and views online on sustainable and responsible investment.

The UK “RI Pensions Disclosure regulation” requires trustees of occupational pension schemes to disclose in their Statement of Investment Principles (SIP) whether they have a responsible investment policy. It was introduced as secondary legislation under the 1995 Pensions Act and republished in The Occupational Pension Scheme (Investment) Regulations 2005.