Leading independent investment consultant Redington has announced the launch of its Enhanced Stewardship Platform (ESP).
The service, underpinned by Redington’s proprietary technology platform Ada Fintech, is designed to enable asset owners to take more control of their stewardship activities and to be able to hold their investment managers to account more fully.
Asset owners are facing increasing regulatory pressure to report on and evidence, stewardship activities. In June last year, the Department for Work and Pensions (DWP) released new guidance for pensions schemes to report against engagement and voting policies. More recently, The Pensions Regulator (TPR) has stated that it will be monitoring how well pension schemes are reacting to this new guidance.
Redington’s service will enable clients to deliver fully against the stewardship aspirations of the DWP guidance and navigate an increasingly scrutinised and complex space.
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