The HM Treasury-led Asset Management Taskforce has outlined a series of twenty recommendations to place stewardship at the heart of an agenda to ‘build back better’ post-coronavirus.

The proposals would assist market participants, such as investment managers and asset owners, to expand their stewardship activity across different asset classes, including bonds, and create a Council of UK Pensions Schemes to support higher standards of pension stewardship - ultimately to the benefit of the millions of savers across the UK.

The report, Investing with Purpose: placing stewardship at the heart of sustainable growth, produced by the Asset Management Taskforce provides a blueprint for integrating stewardship into the investment process and seeks to cement the UK as a global centre of excellence in stewardship practice.

Achieving this will require action across three main pillars: strengthening stewardship behaviour, which includes practical steps to further develop how stewardship works in practice; stewardship for clients and savers by generating sustainable value and achieving savers’ goals; and creating an economy wide-approach to stewardship. The recommendations connect investment decisions more closely with climate change and sustainability considerations, as well as strengthening the relationship between savers’ broader investment goals and their financial returns.

The Asset Management Taskforce is a coalition of investment managers, stakeholders and regulators, led by HM Treasury and supported by the Investment Association (IA).

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