Governance

Swansea Council "unlawfully" transferred £20m from its pension scheme to balance its books when changing banks, according to the Wales Audit Office.

The UK has spent too long developing layers of ineffective and frustrating regulation in its financial services sector, John Kay says.

The cost of governance is increasing as it becomes increasingly important to schemes and others in the financial services industry, research has shown.

PTL has launched an observed meeting service for trustees.

The Pensions Regulator has published its final list of quality features for trust-based defined contribution schemes for consultation.

The Pensions Regulator has increased the pressure on employers to avoid using small schemes as auto-enrolment vehicles ahead of a consultation on the regulation of trust-based DC.

The Pensions Trust, which manages the occupational pension funds for 2,400 third sector organisations, has selected the provider to enhance its environmental, social and governance practices.

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 Pension Protection Fund has appointed Hermes Equity Ownership Services as its voting and engagement advisor.