The UK’s accounting watchdog has unveiled its latest UK Stewardship Code list of asset managers and pension funds as part of plans to improve the sector. The Financial Reporting Council (FRC) said two-thirds of applicants – or 125 organisations – made the list, representing £20 trillion of assets under management. The UK Stewardship Code was first launched in 2020 following recommendations for better oversight in a Government-commissioned review. Most of the UK’s biggest names were included in the list, but there were notable absences for Schroders, Morgan Stanley Investment Management and Rothschild Wealth Management. FRC chief executive Sir Jon Thompson said: “Congratulations to all those who have become signatories to the UK Stewardship Code, which is recognised globally as a best-practice benchmark in investment stewardship.

Source: Irish Independent September 06, 2021 06:56 UTC