UK Stewardship Code 2026 welcomed by The Pensions Regulator

Today (Tuesday) the Financial Reporting Council (FRC) published its UK Stewardship Code 2026.

The voluntary code, which applies to asset owners including pension schemes, establishes the core principles of effective stewardship, says the FRC.

Welcoming the code, Julian Lyne, Interim Executive Director of Market Oversight at The Pensions Regulator, said: “Pension schemes with investment horizons long into the future are uniquely placed to deliver long-term value for savers.

“It is vital trustees consider using resources such as the Stewardship Code to manage systemic risk, including climate risk, and improve their investment governance. We would encourage all workplace pension schemes to sign up.”

Notes to editors

• For more information on the code see the FRC's website.
• The Pensions Regulator is the regulator of work-based pension schemes in the UK. Our statutory objectives are to:
  • protect members' benefits
  • reduce the risk of calls on the Pension Protection Fund
  • promote, and improve understanding of, the good administration of work-based pension schemes
  • maximise employer compliance with automatic enrolment duties
  • minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of the regulator's functions under Part 3 of the Pensions Act 2004 only)