Engagement Policy Statement

Following the implementation of the Shareholder Rights Directive (SRD) and in accordance with FCA Rules (COBS 2.2B.5 & 2.2B.6), this statement confirms Barratt & Cooke’s decision to not have a formal Engagement Policy in place.

Whilst we offer discretionary management services to retail clients, we believe that a formal Engagement Policy is more appropriate to firms providing discretionary services to large institutional clients, such as pension funds or investment funds. The reason for this is that institutional investors generally hold a larger proportion of shares in a company than retail clients; furthermore, the collective views and opinions of individual retail clients could differ greatly, which would not be the case for an institutional client.