Unprecedented UK investor action to reform financial services by setting new standards for fund managers
UK investors worth £350 bn challenge fund managers in call for improved voting, reporting and engagement standards
Investor-led guidelines will address fund managers’ voting, reporting and engagement practices,
First investor initiative of its kind will set ‘Red Line’ voting instructions
Growing wave of investor-led activity challenging the industry is unique to the UK
Investors will meet fund managers to debate standards and practices in event to mark Ownership Day
London, 10 March 2015 – Owners of pension fund assets worth more than £350 bn are meeting fund management industry leaders today to debate voting, reporting and engagement standards in an event to mark Ownership Day coordinated by the UK Sustainable Investment and Finance Association (UKSIF).
Read the full press release here.