This review would be conducted with a view to further strengthening the reform by incorporating an annual reporting requirement for Pension Schemes detailing what action has been taken in support of the SIP.
The usual caveats apply - this is only a policy document, it might be just hot air - but it does raise the prospect of the Tories actually looking more actively supportive of responsible investment and shareholder engagement than Labour. In addition I can't believe that the Tories got there by themselves, they must have been talking to some people in the SRI world (there's only a handful of people in the investor community who have properly thought about CHaSPI in my opinion). That's not a bad thing in itself of course, and I really wish we could get CHaSPI properly up and running so any help must be positive even if it comes from the Dark Side.
But it does signify that the SRI community thinks the Tories are worth talking to/assisting with policy development. I'm afraid it may be another sign of which way the wind is blowing.