UK Stewardship Code statement

• Advisory investment services – helping asset owners to support the Code through education, training, investment manager research, reporting and manager engagement
• Outsourced investment services – as per above, but Willis Towers Watson takes on greater direct responsibility for the oversight of investment manager voting and engagement activity (Willis Towers Watson does not itself vote or engage with investee companies)

Willis Towers Watson recognises that it has significant interaction with investment managers and asset owners with attendant ability and responsibility to encourage and improve processes in respect of stewardship.