Merseyside Pension Fund (MPF) is pleased to confirm that it has retained its status as a signatory to the UK Stewardship Code, following the Financial Reporting Council’s announcement of the final cohort reporting under the 2020 Code. The latest update confirms 291 signatories representing £57.3 trillion in assets under management, marking an important milestone as the sector transitions to the revised UK Stewardship Code 2026.
Stewardship expectations across the UK investment industry continue to evolve, and the updated Code — shaped through extensive consultation — places a sharper focus on stewardship activity and real‑world outcomes, while reducing unnecessary reporting burdens. This balanced approach is welcome as the industry prepares for the transition year in 2026.
For long‑term asset owners such as MPF, effective stewardship is fundamental. It sits at the heart of responsible investment — supporting transparency, accountability, and strong risk management in the interests of our members and employers.
Over the past year, MPF has continued to strengthen its stewardship arrangements, including:
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Enhancing reporting and transparency across asset classes.
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Further integrating ESG and stewardship considerations into investment decision‑making.
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Developing our engagement framework and monitoring processes through the Responsible Investment Working Party.