Economic instability is causing pension schemes to exercise more diligence over their fund managers on issues of engagement, new research shows.
The National Association of Pension Funds (NAPF) revealed that almost half of pension funds will allocate more time in this way.
Head of corporate governance at the institution David Paterson said: "They have an inherent interest in the companies in which they invest being run well given their long-term objective of being able to meet the pension promises of their members."
To combat oversights in the companies in which they put money - as well as discrepancies from their own investment managers - pension schemes need to do a lot more, he added.
According to the survey, 70% of retirement initiatives believe corporate governance is affected by their engagement policies.
Earlier this month, Independent pensions specialist Ros Altmann stated that policy makers should show vision and courage to return confidence to the industry.
Pension schemes 'targeting engagement policies'
