FRC

Corporate reporting needs to improve to meet investor expectations on the issue of climate change, the Financial Reporting Council (FRC) says.

Asset owners and investors have made “good attempts” at reporting against the principles of the UK Stewardship Code 2020, the Financial Reporting Council (FRC) says.

Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.

The Financial Reporting Council (FRC) is aiming to raise £1m from its voluntary levy on pension schemes for the 2020/21 financial year, according to its draft annual budget.

The Financial Reporting Council (FRC) has launched a revised stewardship code – significantly raising its expectations on how money is invested.

The Institute and Faculty of Actuaries (IFoA) has launched a monitoring scheme in a bid to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession.

Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.

The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.

The government has launched a consultation on scrapping the Financial Reporting Council (FRC) following two separate reviews.

The Financial Reporting Council (FRC) is consulting on a new stewardship code that sets higher expectations for investor stewardship policy and practice.