AUM in Action

Redington Helps Hold AMs to Account with New Stewardship Service

Investment consultancy firm Redington has launched an Enhanced Stewardship Platform (ESP), a service that looks to help asset owners hold managers to account. The service, underpinned by Redington’s proprietary technology platform Ada Fintech, is also designed to enable asset owners to take more control of their stewardship activities. Redington said its service will “enable clients to deliver fully against the stewardship aspirations of the Department for Work and Pensions guidance and navigate an increasingly scrutinised and complex space”. The service will focus on three key areas:  reporting, assessment and engagement. It will provide aggregated reporting of engagement and voting activity across all appointed fund managers, assessment of quality and consistency of engagement and voting, as well as how well manager activities align with client policies and priorities, alongside active engagement with fund managers to challenge and hold them to account. Paul Lee, Head of Stewardship and Sustainable Investment Strategy at Redington, said: “Investment managers have tended to focus on the stories they most want to tell rather than on the investments and issues that matter most to clients. Our new ESP service aims to turn this on its head and allows clients to take ownership of their stewardship reporting and assessment, removing this dependence on their managers.” 

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