The Devon Pension Fund places a strong emphasis on the rights and responsibilities that attach to being a shareholder and will play an active role in overseeing the management of the companies in which it invests.
Companies that are well managed with a sustainable business model are more likely to achieve the investment returns that the Fund requires. The Fund will therefore seek to engage in collaboration with LPPI and its fund managers and other partners to promote good management and sustainable business models, and use its votes at company meetings accordingly.
In February 2026 the Fund was re-accredited by the Financial Reporting Council (FRC) as a signatory to the UK Stewardship Code 2020. This follows an assessment of the Fund’s stewardship and engagement policies and activity reported in the Devon Pension Fund Annual Report.
The Code sets high stewardship standards for asset owners and asset managers, and for service providers that support them.
Company Engagement
A breakdown of the number of companies engaged with by Brunel on behalf of the Devon Fund during each quarter over the last year, by region and the type of issues engaged on is shown in the following documents. This information is ectracted from quarterly Investment and Pension Fund Committee reports:
Quarterly Voting and Engagement Reports
31 March 2026 Voting and Engagement Report
For more details on the Fund’s stewardship and engagement activities in the Pension Fund Annual Report at Important documents – Devon Pension Fund