Sam Liddle: Investment managers' 'lip-service' no longer an option

The recent revamp of The Financial Reporting Council's (FRC) UK Stewardship Code, which imposes tougher reporting requirements on professional investors, represents a milestone in asset management. The latest code, released in September, set high standards of stewardship for those investing money on behalf of UK savers and pensioners. Applicants that were successful better demonstrated their commitment to stewardship and investing for a sustainable future. The key word here is ‘demonstrated'. The concept of stewardship has become increasingly prominent in recent years on the back o...