Immediate Changes to Stewardship Code Reporting by the FRC
Monday, 22 July 2024, 15:11
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.