The Institutional Shareholders' Committee code on the responsibilities of institutional investors - which will be converted into principles of stewardship, ratified and sponsored by the Financial Reporting Council, as a result of the Walker review - is as follows:
Principle 1: Institutional investors should publicly disclose their policy on how they will discharge their stewardship responsibilities Guidance The policy should include: - How investee companies...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.