Winter 2019 Investor Agenda
It has been a busy year on the investment front with the CMA order to implement and a focus on ESG and stewardship in new legislation. In this edition we pick up on the new requirement to have defined objectives for investment consultants by 10 December 2019, and describe what we are seeing trustees do in practice to comply. We also include a summary of the new UK Stewardship Code and how trustees might respond in practice.
We have continued to watch developments with the Woodford funds and include a couple of updates (including how the FCA has responded); and finally with all this activity in specific areas it is easy to get distracted – so we have included a “back to basics” article as reminder of the fundamentals of the law relating to pension fund investment.