The National Association of Pension Funds (NAPF) has launched a Stewardship Disclosure Framework.
It aims to provide pension funds with greater transparency around the stewardship policies and activities of the 206 asset managers who are signatories of the Stewardship Code.
The framework, which is based around the seven principles of the Stewardship Code, will allow managers to demonstrate their commitment to good stewardship, and once completed it aims to provide a comparison between approaches of different asset managers.
JP Morgan, Aviva, Newton and Legal and General Investment Management have already completed the framework, which is publicly available on the NAPF website.
Mark Hyde Harrison (pictured), former NAPF chairman, said: “The Stewardship Disclosure Framework is a powerful tool which provides a simple way for pension funds to see how asset managers apply their stewardship responsibilities.
“It will be invaluable, both when funds are assessing prospective managers and when they are holding their current managers to account, for how their funds are being managed on their behalf.”
Vince Cable, business secretary, added: “I hope [the framework] will lead to improved dialogue between asset owners and asset managers about what good stewardship looks like.”
