Trustees should hold investment consultants to account on ESG issues, argue the AMNT and UKSIF
The AMNT and UKSIF surveyed 16 investment consultants that committed to following the regulator’s ESG guidance
Their findings have been set out in a new report, published today, which found that the majority are trying to respond to regulatory changes, but more work is needed
Report includes trustee guidance to help them hold investment consultants to account
It highlights the minimum level of advice pension funds should expect given UK regulatory expectations
Consultants risk losing clients if they are not meeting minimum requirements for ESG advice
London, December 14, 2018
Recent regulatory developments clarifying the requirement of pension funds to consider material environmental, social and governance (ESG) issues must be supported by quality investment consultant advice to their trustee clients.