UKSIF Comment on Launch of UK Stewardship Code

UKSIF2nd July 2010

Commenting on today’s launch of the UK Stewardship Code, Penny Shepherd MBE, chief executive of UKSIF, said:

“UKSIF welcomes the emphasis on pension fund trustees and other owners in today’s announcement. Effective implementation of the Code will depend fundamentally on their role in demanding a high quality of engagement from their investment managers.

Financial advisers and wealth managers also have an important role to play in helping clients to assess how well investment houses are protecting their wealth through effective ownership practices.

This week sees the 10th anniversary of the UK’s responsible investment disclosure regulation for occupational pension funds. This announcement shows that the UK is again leading the world in recognising the importance of responsible ownership.

As UKSIF highlighted earlier this week, responsible investment is now approaching a tipping point. We expect it to become the norm within the next ten years. The launch of the UK Stewardship Code is an important milestone.”

Click here to read the full press release.