PLSA comments on Asset Management Taskforce’s stewardship recommendations

The Pensions and Lifetime Savings Association comments on the Asset Management Taskforce’s 'Investing with Purpose: placing stewardship at the heart of sustainable growth,’ report.

Richard Butcher, Chairman, PLSA, said: “The vast majority of pension schemes take very seriously their duty to act as responsible stewards of the £2.2 trillion of retirement savings they manage on behalf of their members. The PLSA and its members believe deeply in the responsible allocation, management and oversight of members’ pension savings. The PLSA wants to help schemes demonstrate how they are meeting their responsibilities and exercising their rights as shareholders and creditors.

“We look forward to working with the Treasury, the Investment Association and other stakeholders to push forward these recommendations as well as representing pension schemes on the proposed asset owner council to promote and facilitate good stewardship by all asset owners.”
 

Mark Smith, Senior PR Manager
 020 7601 1726 |  [email protected]k

Steven Kennedy, PR Manager
 020 7601 1737 | 07713 073024 | [email protected]