Published: November 13, 2025

We are pleased to announce that we have been recognised by the Financial Reporting Council (FRC) in its recent publication “Preparing for the UK Stewardship Code 2026 – Applying insights from current reporting”.

In the report, the FRC highlights our manager‐monitoring approach in private markets as an exemplar of how asset owners can integrate stewardship effectively in external manager oversight.

This recognition is a reflection to our ongoing commitment to high-quality stewardship and transparency on behalf of our Partner Funds.

We value the close working relationship we have with the FRC and welcome this validation of our approach.

Sheila Stefani our head of stewardship said:
“Good stewardship is not a passive duty, but a dynamic value chain rooted in active ownership and sustained through diligent monitoring of our managers and direct engagements, reflecting our long-term commitment to our Partner Funds and their scheme members”

Looking ahead, as the 2026 Stewardship Code takes effect on 1 January 2026, we will continue to build on these foundations and ensure our stewardship and manager governance processes remain robust and fit for purpose.