FRC lists successful signatories to UK Stewardship Code

News types: Generic Announcement

Published: 15 February 2023

The FRC has today announced an increase in the number of signatories to the UK Stewardship Code following the publication of its updated list. 
 
The list now includes successful applicants who submitted their reports at the end of October 2022. The regulator received 105 applications, of which 88 were successful, taking the total number of signatories to 254, up from 235 in September last year. This includes 179 asset managers, 58 asset owners and 17 service providers. The additional signatories bring the total assets under management of the list to £46.4tn, up from £40.7tn.
 
The more diverse range of business models and investment styles among successful applicants is a positive indication of the broader adoption of responsible investment practices across the industry. There was also an encouraging level of re-applications from previously unsuccessful organisations which used the FRC’s feedback to improve how they reported the outcomes and impact they are delivering through effective stewardship.
 
The FRC noted better reporting in this application cycle, which included disclosure of stewardship activity spanning multiple years, and encourages all signatories to use their report as an opportunity to demonstrate their ongoing progress. 
  
Mark Babington, Executive Director of Regulatory Standards, said: 
  
“Congratulations to the successful signatories to the UK Stewardship Code. It’s great to see returning signatories to the Code provide updates on how they continue to deliver high-quality stewardship activity.  
 
It is also pleasing to see previously unsuccessful applicants using the FRC’s feedback  to improve their reporting and become signatories.” 
 
The FRC will continue to place emphasis on reporting of activities and outcomes for our assessment of reports received in 2023. High-quality, informative case studies are expected from all signatories.
 
The FRC has extended the asset owners' deadline for submitting annual stewardship reports for the Spring window to 31 May 2023. The deadline will remain 30 April 2023 for asset managers and service providers. For the October 2023 deadline, the FRC will only accept renewal applications from existing signatories.
 
Successful signatories of the UK Stewardship Code from October 2022 applications:

(View the full list of signatories)

  1. Aikya Investment Management Limited
  2. Amundi Asset Management
  3. Arcmont Asset Management Limited
  4. Ashmore Group plc
  5. Avon Pension Fund
  6. Barclays Wealth and Investment
  7. Bedfordshire Pension Fund
  8. Border to Coast Pensions Partnership Limited
  9. Boussard & Gavaudan Investment Management LLP
  10. Brandywine Global Investment Management, LLC
  11. Brown Advisory
  12. BT Pension Scheme
  13. Buck Consultants (Administration & Investment) Limited
  14. Cambridge Associates Ltd
  15. CANDRIAM
  16. Capita Pensions Solutions Ltd
  17. CBRE Investment Management
  18. CCLA Investment Management
  19. Clwyd Pension Fund
  20. COMGEST GLOBAL INVESTORS
  21. Cornwall Pension Fund
  22. Cumbria Local Government Pension Scheme
  23. Darwin Alternative Investment Management (Guernsey) Limited
  24. Darwin Property Investment Management (Guernsey) Limited
  25. Devon County Council Pension Fund
  26. DHL Group Retirement Plan
  27. Dimensional Fund Advisors Ltd.
  28. Downing LLP
  29. East Sussex Pension Fund
  30. EdenTree Investment Management Limited
  31. Epoch Investment Partners
  32. Evelyn Partners
  33. Fisher Investments Europe Limited
  34. Fulcrum Asset Management LLP
  35. GuardCap Asset Management Limited
  36. Harding Loevner LP
  37. Hayfin Capital Management LLP
  38. Independent Franchise Partners, LLP
  39. Intermediate Capital Group PLC
  40. Isio Group Limited
  41. J Stern & Co.
  42. Jaguar Land Rover Pension Trustees Limited
  43. James Hambro & Partners
  44. Lane Clark & Peacock
  45. LaSalle Investment Management
  46. Lincolnshire County Council Pension Fund
  47. Local Pensions Partnership Investments
  48. London Borough of Lambeth Pension Fund
  49. Lothian Pension Fund
  50. Mercer Global Investments Europe Limited
  51. Mercer Limited
  52. Morgan Stanley Investment Management
  53. Nest Corporation
  54. Neuberger Berman Europe Limited
  55. NFU Mutual
  56. Ninety One
  57. Nomura Asset Management U.K. Limited
  58. Oldfield Partners LLP
  59. Panarchy Partners
  60. Pensions & Investment Research Consultants Limited (PIRC Limited)
  61. PGIM Fixed Income
  62. PIMCO Europe Ltd
  63. PineBridge Investments Europe Limited
  64. Polar Capital LLP
  65. Principal Asset Management
  66. Pyrford International Ltd
  67. Rathbones Group PLC
  68. Rothesay
  69. Royal London Mutual Insurance Society Limited
  70. Russell Investments
  71. Scottish Borders Council Pension Fund
  72. Scottish Widows Group Ltd
  73. SEI Investments (Europe) Ltd. (SIEL)
  74. Seven Investment Management
  75. Smart Pension Master Trust
  76. StepStone Group LP
  77. Tesco Pension Trustees Limited and Tesco Pension Investment Limited
  78. The Board of the Pension Protection Fund
  79. The Co-operative Pension Scheme (Pace)
  80. Troy Asset Management Limited
  81. TT International Asset Management Ltd
  82. UK Government Investments
  83. Unigestion (UK) Ltd
  84. Union Bancaire Privée, UBP S.A. 
  85. Wales Pension Partnership
  86. Wesleyan Assurance Society
  87. Western Asset Management
  88. Westminster City Council Pension Fund

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