The Shareholder Rights Directive II (SRD II) is a European Union (EU) Directive which came into force on 10 June 2019. One of the aims of the Directive is to promote effective stewardship and long-term investment decision making amongst regulated financial services firms.

As a responsible investor, ReAssure is committed to ensuring good investment practises for our underlying investments, and the external Asset Managers we appoint.

At ReAssure we believe the consideration of relevant environmental, social and governance (ESG) matters affects the long-term sustainable performance of the companies we invest in on behalf of policyholders. We’ve also covered all aspects of shareholder engagement within our ESG policy rather than create a separate engagement policy.

If you’d like to read more about our approach to shareholder engagement and how we monitor the companies we invest in, you can access our Environmental, Social and Governance policy below:

Environmental, Social and Governance policy

Asset Managers

Asset Managers are responsible for the management of ReAssure’s investment funds, including making decisions about which companies to invest in based on our ESG policy principles.

As part of the controls in place to monitor our Asset Managers and their performance, ReAssure:

  • defines and assesses the guidelines and benchmarks in our agreements with Asset Managers to make sure investment strategies meet our long-term requirements.
  • receives reports from Asset Managers about fund performance over set time periods (three months, six months, one year, three years and five years).
  • regularly reviews the performance of our Asset Managers against our objectives and the performance of the relevant asset class in general. This will include portfolio turnover activity (how quickly assets in a fund are bought or sold) where relevant.
  • follows a set process if either ReAssure or an Asset Manager decides that they should no longer manage the assets of a fund on behalf of ReAssure. Agreements to manage a fund have no set end date, but if fund performance is below the agreed benchmark, an Asset Manager will be monitored more closely, with the option of ending the agreement.

Exercising Shareholder Voting Rights

As part of their duties our Asset Managers will exercise voting rights as shareholders in companies where assets are invested on behalf of ReAssure. Both ReAssure Limited and ReAssure Life Limited undertake voting in relation to some funds we invest in, but all voting on individual assets is completed by our Asset Managers.

We’ve provided links below which show you the voting records of our 10 biggest Asset Managers. Many of our funds have more than one Asset Manager, so we’re unable to provide information on all of our Asset Managers here.

Aberdeen Standard Investors

BlackRock

Quilter Investors

Invesco

Alliance Bernstein

Fidelity

HSBC

Janus Henderson Investors

Schroders

Jupiter Unit Trust Managers

If you’re not sure who manages the funds your policy is invested in, you can contact us to find out the name of the manager or managers. If the Asset Manager you’re looking for isn’t one of those linked above, you’ll still be able to find their voting records on their website.