financial reporting council

PMI says ruling offers relief, but accountability and scrutiny remain essential

Standard will be effective for technical actuarial work completed on or after 31 July

Guidance issued after Pension Schemes Act passed into law

Most managers strong on governance but data and asset class challenges remain

Move follows FRC amendments to FRS 102 as well as changes to legislation and regulation

2026 code reduces reporting burden and includes principles for investment consultants

Financial services consultancy becomes latest signatory to code which represents £52.3trn in AUM

Verity Trustees and Now Pensions join LGPS funds in becoming latest signatories

FRC outlines five areas to reduce reporting burdens and drive improved stewardship

Revisions reflect developments such as increased buyout activity and superfunds