What constitutes best practice when it comes to engagement?
Stewardship and engagement at the forefront of investors’ minds as this year’s proxy voting season draws nearer
Stewardship and engagement will be at the forefront of ESG investors’ minds this year, with regulation such as the new UK Stewardship Code having taken effect, and this year’s proxy voting season drawing closer.
And onlookers would say rightly so, as shown by last year’s Boohoo scandal where a number of ethical funds were exposed as having significant allocations to the fast fashion brand, and more recently the holdings in some ‘responsibly invested’ funds of Compass Group, the owner of Chartwells, which came under fire for providing ‘unacceptable’ school meals.
Advisers to be levied £240m again as FSCS announces £1bn overall levy Cannot normalise this level of loss
Firms can expect to receive their invoices in February this year and the 1,000 largest regulatory levy free payers will be invoiced in March.
Financial advisers can expect a significant regulatory levy bill once again for the next financial year as the Financial Services Compensation Scheme (FSCS) has predicted an overall levy forecast of £1bn for the first time.
In its budget for 2021/22, the FSCS has predicted a bill of £361m for financial advisers funding class - also known as the life distribution and investment intermediation class (LDII) - to pay for the.
Cybersecurity Collaborative launched this week a task force focused on asset management â a discipline of increasing importance to cybersecurity leaders who wrestle with challenges tied to the growing remote workforce and dispersal of resources to the cloud.
To slow the spread of COVID-19, many organizations implemented policies for employees to work from home. This prompted a widespread shift of IT infrastructure to the cloud and into employeesâ homes â a shift that many predict could inspire hybrid workforce models to stick around long after risks tied to the pandemic subside. One problem cited by members of the Collaborative, however, is that these dispersed IT infrastructures hamper visibility into digital assets.
Recent supply chain attacks prompted cybersecurity professionals, under the auspices of Cybersecurity Collaborative, to stand up a task force focused on minimizing third-party risk.
The need for the Third-Party Risk Task Force, which kicked off this week, has been amplified by recent advanced persistent threat attacks that infiltrated corporate and government networks, due to security vulnerabilities in the supply chains. One example, discovered last month, was a supply chain attack that trojanized SolarWinds Orion business software updates to distribute malware to multiple global victims.
âThe ongoing Russian cyberattacks underscore the importance of third-party risk management to organizational resiliency and national security,â said Parham Eftekhari, senior vice president and executive director of Cybersecurity Collaborative. âThatâs why developing tools to defend supply chain networks from nation state actors and cybercriminals is a top priority for cybersec