We are pursuing discussions with a view to securing an opinion on the fairness of presentation of principles 1,2,4,6,7 of the Stewardship Code included in our engagement report and disclosure of specific information listed under these principles. We have been in discussions with a number of providers, in order to develop an outcomes-focused approach rather than turning such assurance into a tick box exercise. We expect these assurances to be in place in time for next year’s PRI report. In the meantime, we continue to carry our own high standards of internal audit on processes.
As at 31 December 2019 we formed part of our parent’s SOx review and our auditors signed an internal control over financial reporting opinion at the Federated Hermes group level.