Throughout 2008 we have been engaged with investors in Legal & General Group, Cazenove, and Jupiter Asset Management on our Governance approach and scale of activity versus the funds we manage on behalf of our clients.
During the year we were approached by the Trades Union Congress (TUC) in regard to the United Nations Principles on Responsible Investment (UNPRI). Peter Chambers, CEO of LGIM explains, “As a major investor in index tracking funds, our methodology has to be one orientated to tracking the indices. United Nations Principles for Responsible Investment favour active fund management principles. We continue to apply the Corporate Governance Principles to all of the the funds that we manage on behalf or our clients.”
Ethical Funds Go Nationwide
Nationwide Building Society launched its partnership with Legal & General in January 2008 and has since distributed £29m of the Legal & General Ethical Trust to Nationwide clients.