FRC

Almost all FTSE350 firms put all of their directors up for re-election every year thanks to increased take-up of the Stewardship Code, the Financial Reporting Council says.

Half of FTSE350 firms fail to comply with the UK corporate governance code, but more companies actively seek engagement with investors on governance issues than last year, Grant Thornton says.

The National Association of Pension Funds has launched a policy it says will help funds follow the Stewardship Code.

The Financial Reporting Council has brought actuarial work on pension incentive exercises into the scope of its technical actuarial standards.

The Financial Reporting Council has published a draft revision of the standard governing investment return assumptions used to calculate Statutory Money Purchase Illustrations.

The Financial Reporting Council has announced the membership of its newly-formed regulatory committee, the Actuarial Council.

The UK Sustainable Investment and Finance Association has called on The Pensions Regulator to "encourage" pension funds to adopt the UK Stewardship Code.

The Financial Reporting Council has started a consultation which could change the definition of stewardship in the UK.

Pensions minister Steve Webb has ruled out calls to include membership of the UK Stewardship Code as a legal requirement for qualifying auto-enrolment schemes.

Shareholders will be given more powers to hold companies to account under plans outlined yesterday by the business secretary.