LGPS Central has carried out AAF controls of the investment operations during the reporting year. These controls include testing of the accuracy of RI data and implementation of RI processes in relation to our voting policy, voting implementation, and accuracy of voting data. In addition to the AAF controls, we carry out quarterly internal quality controls of engagement and voting data before this is shared with our Partner Funds through Quarterly Stewardship Reports.
As a member of Hermes Fund Managers Limited, our service provider EOS at Federated Hermes was subject to an AAF audit during the year which scrutinised the controls in place around its activities on behalf of clients. EOS is also subject to quarterly risk/control reviews by Hermes Fund Managers Limited internal audit and reports monthly to the Hermes Fund Managers Limited compliance function.