Policy briefings page

Event report: Human Rights Metrics (25 September 2018)

17 October 2018

This report contains the highlights of our event held in Brussels on 25 September 2018 on the state-of-play of social metrics and how to best capitalise on their use through the European sustainable finance agenda.

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Pension Costs and Transparency Inquiry

18 September 2018

We argued to the Work and Pensions Select Committee’s inquiry on pension costs and transparency that more transparent schemes can ensure greater engagement with savers, and mitigate ESG-related financial risks.

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Response to FRC review call for evidence

6 August 2018

Responding to the independent review of the FRC’s call for evidence, we identify weaknesses in the current Stewardship Code, opportunities to strengthen it, and raise concerns about the level of funding the FRC receives for stewardship.

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Letter Exchange with Vice-President Dombrovskis, March-July 2018

23 July 2018

These letters set out our key asks concerning human rights in the development of the EU’s taxonomy, reflecting the concerns of both civil society organisations and trade unions.

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Clarifying and strengthening trustees’ investment duties

17 July 2018

The UK Government has consulted on clarifying pension trustees’ duties in respect of taking into account ESG factors in investments and stewardship and how they seek to understand savers’ views.

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Response to FCA/TPR Consultation on Regulating the Pensions and Retirement Income Sector

19 June 2018

ShareAction responded to the FCA/TPR’s consultation. We emphasised the importance of transparency and availability of information to savers, so they can take action to ensure they receive good outcomes.

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Response to BEIS Consultation on Insolvency and Corporate Governance

11 June 2018

ShareAction responded to the BEIS consultation, arguing for a clearer Stewardship Code with more focus on ESG, and more substantive regulation to ensure signatories carefully consider compliance and reporting.

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Promoting Sustainable Finance Through the ESAs Package

1 April 2018

In the context of the ongoing review of the European Supervisory Authorities, civil society organisations have come together to outline a vision for how sustainability should feature into their mandates.

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Pensions for the Next Generation: Communicating What Matters

17 March 2018

This report explores the opportunity to shift the attitudes of young British savers towards their pensions. It proposes easy and low-cost solutions that will help switch millennials on to the power of their savings.

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Human Rights and Finance: What Next for European Union Policy?

8 March 2018

This report follows an event we co-organised on human rights and finance at the European Parliament. In it, we share key outcomes from the event on how best to bring visibility to this crucial agenda.

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NGO Recommendations for the EU Sustainable Finance Action Plan

8 March 2018

ShareAction and our European policy partners put together an updated anthology of our recommendations for the Commission’s work on sustainable finance, presented in March at the European Parliament.

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Response to FRC consultation on Proposed Revisions to the UK Corporate Governance Code

28 February 2018

ShareAction responded to the FRC consultation, supporting moves to simplify the Code and suggesting links between the Governance Code and the Stewardship Code be strengthened to drive businesses to consider their impact on wider stakeholders.

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Civil Society Response to the Final Report of the High Level Expert Group on Sustainable Finance

20 February 2018

This briefing is a unified response by a number of European civil society organisations, including ShareAction, to the ambitions and omissions in the recommendations of the High Level Expert Group on Sustainable Finance.

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Who Watches the Watchers? Transparency and Accountability in Workplace Personal Pensions

17 February 2018

This report ranks how effectively and transparently the independent governance committees (IGCs) of 16 large UK contract-based pension schemes reported in 2017 on their work protecting the interests of scheme members.

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Response to EC Public Consultation on Institutional Investors and Asset Managers’ Duties Regarding Sustainability

6 February 2018

ShareAction has responded to the European Commission’s consultation. We have emphasised that ESG factors and consideration of beneficiaries’ interests constitute a central component of the proper discharging of investors’ duties.

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Response to DWP Consultation on Occupational Pensions: Improving Disclosure of Costs, Charges and Investments

20 December 2017

The DWP consulted on proposals to guarantee pension savers the rights to  information about costs and charges incurred by their scheme, and where their money is being invested.

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NGO Recommendations for the EU Sustainable Finance Action Plan

4 December 2017

ShareAction has contributed a chapter to an anthology on sustainable finance developed by a coalition of non-governmental organisations and provides suggested next steps for EU policy on the legal duties of investors.

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Response to the FRC Consultation on Draft Amendments to the Strategic Report

24 October 2017

ShareAction responded to the Financial Reporting Council’s consultation on draft amendments to the guidance on the strategic report. Central to our recommendations was the call for the FRC to ask all companies to report against the key areas of non-financial information which are applicable across all sectors.

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Response to ESMA’s Consultation on Certain Aspects of the MiFID II Suitability Requirements

17 October 2017

In this consultation response to the European Securities and Markets Authority, ShareAction argues for the inclusion of the non-financial interests of retail investors in how advisers go about ascertaining the interests of their clients.

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Update on the Interpretation of Fiduciary Duty in the UK

12 October 2017

In this joint briefing, we set out the reasons why the Government and the FCA should accept the Law Commission’s latest recommendations to amend the law on fiduciary duty.

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Reforming the Investment System to Promote Good Work

11 October 2017

The investment system has a vital role to play in ensuring good working conditions in the UK and throughout the world. This briefing outlines how regulatory change and specific policy developments can facilitate that role.

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Reforming the Investment System to Secure a Low-Carbon Future

11 October 2017

The investment system has the potential to greatly influence the transition to a low-carbon economy. This briefing outlines how regulatory change and specific policy developments in the UK will nurture that potential.

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Response to CP17/18: Consultation on implementing asset management market study remedies and changes to Handbook

12 September 2017

ShareAction responded to the FCA’s consultation on some of the remedies to its asset management study. We are interested in the proposals to improve independence and transparency of fund managers.

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Response to the Questionnaire of the High Level Expert Group on Sustainable Finance

8 September 2017

Responding to the High Level Expert Group’s interim report on sustainable finance in July, ShareAction submits its concrete recommendations to inform the Group’s final report expected by the end of 2017.

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Response to FCA on Proposal to Create a New Premium Listing Category

1 September 2017

ShareAction is submitting a response to the FCA’s consultation on creating a new premium listing category for state-owned enterprises. We have answered all questions bar 7, 9, and 11.

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The Role of the European Securities and Markets Authority in Sustainable Finance – Cover letter

23 May 2017

This letter was sent to the European Securities and Markets Authority (ESMA) to encourage reflection on its role in sustainable finance. It accompanies a briefing published on the same day.

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The Role of the European Securities and Markets Authority in Sustainable Finance

23 May 2017

This briefing sets out six actions that ESMA should undertake as part of its mandate to protect investors and avert financial instability, to facilitate the integration and management of climate and sustainability risks.

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Public consultation on the operations of the European Supervisory Authorities

23 May 2017

The work of ESAs will be especially significant in the context of Brexit. Our submission focused on supervisory convergence, fiduciary duty, credit-rating agencies, and the centrality of sustainability to financial stability.

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Green Paper on Security and Sustainability in Defined Benefit Pension Schemes

12 May 2017

ShareAction submitted a consultation response to the Department of Work and Pension (UK) regarding the Green Paper on Security and Sustainability in Defined Benefit Pension Schemes, focusing on questions two and three.

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BEIS Industrial Strategy Green Paper

13 April 2017

ShareAction submitted a response to the Green Paper on Building our Industrial Strategy, focusing on questions relating to factors constraining companies and fund managers from making longer-term investment decisions.

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Stronger Stewardship, Stronger Business: Lessons from ShareAction’s survey

5 April 2017

This briefing highlights recommendations for UK policymakers to improve institutional shareholders’ stewardship of companies, based on the findings of ShareAction’s 2017 survey of European Asset Managers.

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Building a Resilient and Sustainable Europe: Lessons from ShareAction’s survey

5 April 2017

This briefing highlights recommendations for European policymakers to improve institutional shareholders’ stewardship of companies, based on the findings of ShareAction’s 2017 survey of European asset managers.

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Department for Work and Pensions – Initial Questions for the Review of Automatic Enrolment

23 March 2017

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European Commission – Capital Markets Union: Midterm Review

22 March 2017

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Financial Conduct Authority – Asset Management Market Study: Interim Report

22 March 2017

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Department for Business, Energy & Industrial Strategy – Green Paper on Corporate Governance Reform

22 March 2017

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Letter to DG FISMA on IORPS

8 March 2017

This letter was sent to DG FISMA of the European Commission to make the case for guidance on how ESG relates to the fiduciary duties of investors in the context of the IORPs Directive.

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Capital Markets Union Mid-Term Review 2017

21 February 2017

This briefing paper, produced with WWF and four other civil society organisations, sets out key recommendations for sustainable finance for the Capital Markets Union Mid-Term Review in June 2017.

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Institutions for Occupational Retirement (IORPs) Directive – Significant Progress on Responsible Investment

13 January 2017

A political agreement has been reached on the EU Institutions for Occupational Retirement Directive that includes important responsible investment measures on environmental, social and governance factors.

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Event Summary: “Brexit: An opportunity to create a more sustainable financial system and Capital Markets Union?”

20 December 2016

The UK’s decision to leave the EU presents opportunities and challenges for responsible investors. This is a report of an event we ran for civil society leaders which explored the responsible investment issues around Brexit.

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Joint Briefing – Shareholder Rights Directive

8 November 2016

This briefing paper, produced with WWF and 4 other civil society groups, explains why the current update to the EU’s Shareholder Rights Directive should include more ambitious measures on responsible investment.

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The Department for Work and Pensions – Defined benefit pensions inquiry

10 October 2016

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The Department for Work and Pensions – NEST: Evolving for the Future

5 October 2016

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The Pensions Regulator – 21st Century Trusteeship and Governance paper

12 September 2016

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New UK Pensions Regulator code of practice: a step forward for responsible investment

1 September 2016

The UK Pensions Regulator has published a new code of practice that strengthens guidance on the consideration of environmental, social and governance risks in pension fund investments.

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The Pensions Regulator – Consultation on guides to support Code of Practice 13

13 May 2016

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Department for Business Innovation and Skills – Consultation on non-financial reporting

6 May 2016

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European Commission – Non-binding guidelines for reporting of non-financial information by companies

15 April 2016

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European Commission, DG Justice and Consumer Affairs – consultation on long-term and sustainable investment

15 March 2016

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Department for Communities & Local Government – Revoking and replacing the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009

19 February 2016

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Letter to EU Permanent Representation on IORPs

18 February 2016

This letter was sent to the Financial Services Attachés in each EU Member State’s Representation making the case for responsible investment criteria to be included in the IORPs Directive.

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Financial Reporting Council, Draft Plan & Budget and Levy Proposals 2016/17

12 February 2016

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The Pensions Regulator – Governance and administration of occupational defined contribution trust-based schemes

29 January 2016

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10 Steps to a Sustainable Investment Sector

1 December 2015

This briefing provides ten steps to develop a sustainable investment system, based on giving savers a voice, clarifying fiduciary duties and strengthening the UK Stewardship Code.

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Better Workplace Pensions: Reducing Regulatory Burdens

1 December 2015

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Letter to MEPs in the Economic and Monetary Affairs Committee on IORPs

24 November 2015

This letter was sent to MEPs before to make the case for Responsible Investment criteria to be included in the IORPs Directive.

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HM Treasury Consultation on Strengthening the Incentive to Save

1 September 2015

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Closing the Gender Pay Gap Consultation

1 September 2015

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The OFT’s Report on the Defined Contribution Pensions Market

1 September 2015

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Proposed Revisions to the EU Institutions for Occupational Retirement Provision (IORP) Directive

1 September 2015

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European Commission plans for a Capital Markets Union

1 June 2015

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European Commission Green Paper on a Capital Markets Union

1 May 2015

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FCA and DWP Call for Evidence on Transaction Costs disclosure

1 May 2015

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Response to consultation on changes to the Investment Regulations following the Law Commission’s report “Fiduciary Duties of Investment Intermediaries

1 April 2015

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Proposed Revisions to the EU Shareholder Rights Directive

1 April 2015

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DWP consultation on ‘Better workplace pensions: Putting savers’ interests first’

1 November 2014

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House of Commons Work and Pensions Committee inquiry on progress with automatic enrolment and pension reforms

1 October 2014

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ShareAction’s Response to FCA Consultation CP14/16: Proposed Rules for Independent Governance Committees

1 October 2014

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A Manifesto for Responsible Investment

1 July 2014

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HM Treasury consultation on Freedom and Choice in Pensions

1 June 2014

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DWP consultation on Quality standards in workplace defined contribution pension schemes

1 May 2014

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Law Commission Consultation on Fiduciary Duties of Investment Intermediaries: Response from ShareAction

1 January 2014

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BIS consultation on Corporate Responsibility

1 September 2013

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DWP Call for Evidence: Quality Standards in Workplace Defined Contribution Pension Schemes

1 September 2013

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BIS consultation on Transparency & Trust: Enhancing the transparency of UK company ownership and increasing trust in UK business

1 September 2013

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NAPF Stewardship Disclosure Framework Consultation

1 July 2013

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Law Commission Stakeholder Paper on Investors’ Fiduciary Duties

1 June 2013

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Pensions Bill 2013: An opportunity to raise standards

1 June 2013

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Queen’s Speech 2013: The future of pensions

1 May 2013

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OECD’s Consultation on Draft High-Level Guidelines for Long-Term Investment

1 May 2013

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FCA’s Discussion Paper 13/1 on transparency

1 April 2013

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DWP consultation on The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

1 April 2013

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Written Evidence to BIS Select Committee Inquiry into the Kay Review

1 January 2013

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The Missing Link: Lessons from the ‘Shareholder Spring’

1 January 2013

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Response to the FSA’s ‘Journey to the FCA’ document

1 December 2012

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Response to BIS Consultation on Draft Narrative Reporting Regulations

1 November 2012

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Final Report of the Kay Review of UK Equity Markets

1 August 2012

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Suggested Reviews: Review of the UK Stewardship Code

1 July 2012

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Review of the UK Stewardship Code

1 July 2012

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Lessons from LIBOR: Wider implications of the rate-fixing scandal

1 July 2012

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Executive Pay: Analysis of the government’s reforms

1 June 2012

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Financial Services Bill: Briefing for peers on Lords Amendment 107

1 June 2012

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Red Tape Challenge – Social Investment

1 June 2012

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‘Your Say on Pay’ Campaign

1 May 2012

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HM Treasury’s inquiry into corporate governance and remuneration

1 May 2012

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Queen’s Speech Briefing

1 May 2012

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Written Evidence: DWP Select Committee’s inquiry into governance and best practice in workplace pensions

1 April 2012

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Written Evidence: Kay Review of UK Equity Markets and Long-termism

1 April 2012

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BIS Consultation ‘Executive Pay: Enhanced Shareholder Voting Rights’

1 April 2012

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The Enlightened Shareholder: Clarifying investors’ fiduciary duties

1 March 2012

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DWP Consultation, ‘Improving transfers and dealing with small pension pots’

1 March 2012

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HM Treasury Consultation, ‘Bank Executive Remuneration Disclosure’

1 February 2012

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Financial Services Bill: Second Reading Briefing

1 February 2012

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BIS/FRC Consultation, ‘Proposals to reform the Financial Reporting Council’

1 January 2012

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Securing Jobs and Growth: Can pension savings aid the economic recovery?

1 January 2012

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EIOPA Consultation on the IORP Directive

1 December 2011

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BIS Discussion Paper on Executive Remuneration

1 November 2011

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Kay Review of UK equity markets, ‘Call for Evidence’

1 November 2011

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BIS Consultation, ‘The future of narrative reporting: consulting on a new reporting framework’

1 November 2011

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Big Society Capital: Unlocking mainstream finance for social impact investment

1 October 2011

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The Governance Gap: Ensuring a level playing field for pension savers

1 September 2011

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HM Treasury’s Consultation, ‘A new approach to financial regulation: the blueprint for reform’

1 September 2011

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DWP Select Committee’s inquiry on auto-enrolment

1 August 2011

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European Commission Green Paper, ‘The EU Corporate Governance Framework’

1 July 2011

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Financial Reporting Council’s Consultation, ‘Gender Diversity on Boards’

1 July 2011

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DEFRA, ‘Corporate reporting of greenhouse gas emissions’

1 June 2011

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JustPay! Living Wage Campaign

1 May 2011

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Protecting our Best Interests: Rediscovering Fiduciary Obligation

1 May 2011

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Dept for Work and Pensions’ Consultation, ‘Regulatory differences between occupational and workplace personal pensions’

1 April 2011

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The Pensions Regulator’s Consultation, ‘Enabling good member outcomes in work-based pension provision’

1 April 2011

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HM Treasury’s Consultation, ‘Reforming Financial Regulation: Building a Stronger System’

1 April 2011

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Financial Reporting Council’s Consultation, ‘Effective Company Stewardship’

1 March 2011

Joint Submission with Client Earth

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The 2011 Budget and Plan for Growth

1 March 2011

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Charity Commission Consultation, ‘Charities and Investment Matters’

1 February 2011

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Submission: BIS Consultation, ‘A Long-term Focus for Corporate Britain’

1 January 2011

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Mandatory carbon reporting: A litmus test for the ‘greenest government ever’

1 November 2010

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Ministry of Justice Consultation, ‘Guidance about commercial organisations preventing bribery’

1 November 2010

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Scottish Executive Consultation, ‘Public Bodies Climate Change Duties: Putting them Into Practice’

1 November 2010

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BIS Consultation, ‘The future of narrative reporting’

1 October 2010

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HM Treasury Consultation, ‘A new approach to financial regulation: Judgement, focus, stability’

1 October 2010

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Investor Stewardship

1 September 2010

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The Operating and Financial Review: Improving Company Reporting on Environmental & Social Risk

1 September 2010

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European Commission Green Paper, ‘Corporate Governance in Financial Institutions and Remuneration Policies’

1 August 2010

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Financial Services Authority’s Quarterly Consultation (proposals relating to Stewardship Code)

1 August 2010

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Managing Environmental Risk: The Deepwater Oil Spill & its Impact on UK pensions

1 June 2010

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Coalition Programme for Government

1 May 2010

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The FRC Stewardship Code

1 May 2010

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Building a sustainable financial system: institutional investors and climate change

1 May 2010

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Financial Services Authority’s Consultation on Effective Corporate Governance

1 April 2010

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Responsible Investment: an Introduction

1 January 2010

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DEFRA Reporting Guidelines for Greenhouse Gas Emissions

1 December 2009

(Joint Submission with Christian Aid and Oxfam)

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The Walker Review of Corporate Governance in UK Banks and Other Financial Industry Entities

1 September 2009

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The Pensions Regulator – Ideas & Evidence on Responsible Ownership

1 July 2009

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Personal Accounts Delivery Authority Investment Consultation

1 May 2009

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DWP Consultation on Pension Scheme Disclosure

1 May 2009

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Pensions Regulator Consultation on Refreshed TKU Code of Practice and Scope Guidance

1 December 2008

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Draft OECD Guidelines for Pension Fund Governance

1 September 2008

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