Immediate Changes to Stewardship Code Reporting by the FRC

Monday, 22 July 2024, 15:11

The Financial Reporting Council (FRC) has announced significant modifications to the stewardship code reporting requirements aimed at reducing compliance burdens for pension funds. These changes are expected to enhance the transparency and efficiency of financial reporting in the United Kingdom's pension sector. The FRC emphasizes its commitment to supporting institutions in managing their stewardship responsibilities more effectively.
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Immediate Changes to Stewardship Code Reporting by the FRC

FRC's New Approach to Stewardship Code Reporting

The Financial Reporting Council (FRC) has introduced immediate changes to the stewardship code reporting process, which are aimed at easing the burden on pension funds in the United Kingdom.

Key Changes Implemented

  • Simplified Compliance Requirements to enhance financial reporting.
  • Increased Transparency in reporting practices for pension funds.
  • Support for Financial Institutions in fulfilling stewardship obligations.

These modifications by the FRC signify a proactive approach to improving governance and accountability within the pension sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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