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Guardians of Financial Markets
You may not have heard of the UK Stewardship Code. Nevertheless if you have investments, savings or a pension then there is a good chance that the Stewardship Code will have had an influence over at least one area of your life.
Set down by the Financial Reporting Council (FRC) the UK Stewardship Code establishes high expectations for those who invest money on behalf of UK savers and pensioners. These include banks, pension companies, insurance companies and fund managers; in essence those who play a vital role both as guardians of the UKs financial markets and stewards of investor outcomes.
Already seen as world-leading, with effect from 1 January 2020 the code is being further enhanced with a heightened focus on long term outcomes alongside environmental, social and governance issues. In launching the code the FRC’s Chair Simon Dingemans said “This new Stewardship Code marks a step-change in the expectations for investors, their advisors, and how they manage investments for their savers and pensioners.”
Beckworth Financial Services welcomes the enhanced code. Our investment management team works hard to identify fund managers which have the potential to deliver strong results for our clients and this revised code can only help us to continue to do so.
If you are looking for advice on investments, or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website.