Voting

When we invest in a company, we become a shareholder of that company, which means we have the right to vote on a range of matters.

These can include appointments to the Board of Directors, structural changes to the company, executive pay and compensation, a proposed merger or acquisition, and other issues that might impact the company’s stock performance.

Our asset managers are responsible for voting our shares on our behalf, and we ask them to do so in a way that’s in line with our responsible investment policy.

Royal London Asset Management (RLAM) look after the majority of money we invest for our pension customers, managing just over 90% of our pension assets. They actively engage with the companies they invest in, and vote to promote good governance and company behaviour. More detail can be found in their voting policy.  

The responsible way of doing business

Investing money responsibly is part of everyday business for RLAM, and you can see this when looking at their voting record.

In 2019, their Responsible Investment team voted 15,665 resolutions, and carried out 260 engagements with 175 companies - a 55 per cent increase in the number of engagements from 2018. RLAM also became a signatory of the Climate Action 100+, and its European branch, the Institutional Investor Group for Climate Change (IIGCC). 

External asset managers

We also choose a number of external asset managers who invest money and vote shares on our behalf. Listed below are some, but not all of the asset managers we work with. You can see how these external asset managers have voted by viewing their voting records:

Meet RLAM

Chief Investment Officer Piers Hillier explains how Royal London Asset Management (RLAM) approaches responsible investment.

Find more about RLAM about Meet RLAM

Collaboration in action

RLAM’s responsible investment team will work with other shareholders and organisations to help create better out comes for you.

Find out more about Collaboration in action

ESG integration

Find out more about how our asset managers integrate ESG factors into the investment decision-making process.

Discover more about ESG integration