Engagement Policy

On 31st May 2019 the FCA issued their Policy Statement 19/13 (PS19/13). This made changes to their handbook to implement the requirements of the amended Shareholder Rights Directive that was put in place by the European Union. The changes to the handbook come into force on 10th June 2019 and introduce requirements for asset managers and insurers to publish details of their engagement policy. Investment management for Aberdeen Life is undertaken by Aberdeen Asset Managers Limited (AAML). AAML follows the principles of the UK Stewardship Code and believe this document meets all of the new requirements described in PS19/13, however as highlighted by the FCA in their policy statement there continues to be significant developments under consideration in relation to stewardship and relevant transparent disclosure. We will continue to take a close interest in these developments expected over the near future and will assess and adjust our disclosures in the context of these developments to ensure that all requirements are met or exceeded.