Legislation could be only option to support trustee voting in pooled funds, says UK Taskforce report

The Taskforce said it has found “significant problems with some stakeholder attitudes and the asymmetry of power between pension schemes and their agents”

All UK asset owners should be offered the opportunity to set an “expression of wish” on how votes are exercised on their behalf in pooled funds, with legislation to force this if there is resistance and the market does not move quickly enough, a Government-established task force …

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