Share page with AddThis

News

Hargreaves Lansdown launches digital voting service

digital, voting, serviceUK fund house Hargreaves Lansdown (HL) has announced the debut of its online proxy voting service, which it has developed in partnership with Broadridge.

The service will enable HL’s retail investor clients to cast their votes at upcoming AGMs for their holdings in UK and European companies.

The lack of transparency over proxy voting has been a source of frustration for investors and fund managers alike for many years, and the issue has been covered extensively by FundsTech.

However, the emergence of digital proxy voting services has helped to bring more efficiency to the process and several prominent fund managers and platforms have introduced their own digital services, developed with the likes of Broadridge and other providers in the space.

There have also been some regulatory drivers, such as the EU’s Shareholders Rights Directive, as well as an increased interest among investors in the governance of the companies they invest in, as noted by HL.

“Retail investors are taking a keener interest in having the power to influence corporations on important issues such as board diversity, climate change and sustainability,” said Tom Lee, head of trading proposition, HL.

“Providing a new digital capability for this self-service system gives retail investors a greater say in the governance of the companies in which they hold shares and the democratisation of markets."

© 2023 fundsTech

Most read features

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Tokenisation: The incredible potential of tokenisation

Tokenisation offers a new generation of investors access to a wide range of asset classes. But a lack of analysts is one reason why the market may not be ready for the possibilities, finds Nicholas Pratt.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Cryptocurrencies: Crypto funds face long wait for regulatory approval

While crypto currencies forge onwards, access for investors who prefer to invest through regulated vehicles remains muted. A wait-and-see stance by regulators lies at the centre of this, finds Nicholas Pratt.

Managing the impact of ESG reporting

A rise in ESG reporting requirements is impacting asset managers in every conceivable way. The solution, discovers Nicholas Pratt, is to use all of this newly found data to form a closer relationship with the next generation of investors.

Sponsored Profiles

The importance of trust when building successful client-vendor teams

Petra Roche and Anna Kanior-FlorekFundTech speaks to Metrosoft’s Petra Roche and Anna Kanior-Florek about cross-organisational relationships and why mutual trust...

The digitally connected Global Transfer Agent

Anand Ramachandran, Vice President, Global Head of Solutions, Richard Clarkson, Head of Solutions, Funds and Swapnil Joshi, Senior Strategy Manager from Oracle Financial Services Global...

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...