Tumelo launches stewardship tie-up with proxy advisers

Software allows retail investors to vote directly on pooled fund shares

Jenna Brown
clock • 2 min read

Tumelo, a shareholder voting fintech, partnered with proxy advisers Glass Lewis and Pensions & Investment Research Consultants (PIRC), and US-based As You Sow, to combine its in-house technology to deliver pass-through voting to institutional and retail clients of fund managers.

Tumelo provides the pipes for the votes whereas the proxy advisers provide the advice and recommendations, it explained. Policymakers at the Treasury, Department for Work and Pensions and Financial Conduct Authority have been releasing recommendations to better hold fund managers to account with respect to stewardship. In 2021 the Taskforce on Pension Scheme Voting Implementation Report published a series of recommendations for tightening up the voting relationship between asset managers and asset owners. Tumelo's partnership programme gives both retail and institutional clients ac...

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