financial reporting council

Corporate schemes must increase transparency and demand more responsible investing from their asset managers to keep pace with pension funds outside the UK, UKSIF says.

The Financial Reporting Council has published a series of recommendations in a bid to improve communications between company boards and shareholders, such as pension funds.

The success of the UK stewardship code is vital in preventing more onerous regulation of shareholders, delegates heard.

Increased public interest in shareholder activism following the financial crisis has increased pressure on trustees to give members more information on stewardship, Aviva Investors warns.

An influential group of UK pension funds have written to the Financial Reporting Council supporting the Stewardship Code for investors.

PricewaterhouseCoopers has been forced to undertake an exhaustive review of its client base after the Financial Reporting Council discovered it was acting as auditor to a company while providing actuarial services to its defined benefit pension scheme....

The Financial Reporting Council has published the first Stewardship Code for institutional investors in a bid to improve their level of engagement with companies.

Directors of FTSE350 companies will face annual re-elections as part of the Financial Reporting Council's clampdown on corporate governance.