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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

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You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 07.1. Appointment processes (listed equity/fixed income)

07.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment


SAM 07.2-5. Appointment processes (listed equity/fixed income)

07.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

Objectives

Incentives and controls

Reporting requirements

Benchmark

Objectives

Incentives and controls

Reporting requirements

Benchmark

Objectives

Incentives and controls

Reporting requirements

Benchmark

Objectives

Incentives and controls

Reporting requirements

07.5. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          An extensive DD process is required when new manager is appointed. The DD document has sections on ESG, investment policy, risk management and reporting among others. We don't have segregated accounts with external managers, so reporting is the most relevant for us. Our annual ESG Questionnaire survey also encourages our external managers to report us their achievements on ESG issues. Also, another department within LocalTapiola Group takes care of Solvency reporting for in-house clients and therefore some of the portfolios that we manage undergo a thorough constituent level screening.
        

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