More about our committee-based structure
Our Committees
The 100 Group is organised through a structure of committees. Each committee meets once a quarter to debate emerging topics on the agenda of Finance Directors.
The main committee determines the overall strategic direction of The 100 Group, and delegates responsibility for action to the sub-committees. Each sub-committee is chaired by a member of the main committee. Committee meetings are held in private, and guests are invited by the committee chairman.

Financial Reporting Committee
The committee’s aim is to promote the development of high quality, global accounting standards through contributing to the accounting standard setting process.
The committee supports accounting standards which:
- Provide relevant, reliable, comparable and understandable information to current and potential investors to assist them to make rational economic decisions about the reporting entity; and
- Provide a basis for assessment of the results of the stewardship of the management of the reporting entity of the resources entrusted to it.
The committee operates within a framework which is governed by its Statement of Principles.
The committee meets quarterly to debate emerging issues in corporate reporting and accounting standard setting.
It considers active projects of the IASB and comments formally on discussion papers and exposure drafts. The committee considers how it can enhance the standards of corporate reporting of its members, either voluntarily or through supporting bodies such as the IASB and the FRC.
We continue to maintain strong ties with the IASB and other bodies to ensure we have insight on standard setting and developments at a UK, International and European level. Two of our members are also members of the FRC's Accounting Council, have strong relationships with the FRC, and have an observer role at the ICAEW's Financial Reporting Committee.
Iain has been Chair of The 100 Group Financial Reporting Committee since March 2020.
Iain became Chief Financial Officer of GSK in April 2019. He is an Executive Director of the GSK Board and a member of the Corporate Executive Team.
Iain is responsible for Global Finance and several of the company’s key global functions including Investor Relations and Tech.
Prior to joining GSK, Iain was Group Finance Director at the global bank HSBC, a position he held for eight years. A chartered accountant, Iain has worked in Asia, the US and Europe and before HSBC was at General Electric, Schlumberger Dowell and Price Waterhouse.
Iain is a member of the Court of the University of Aberdeen and The 100 Group.
Iain holds an MA in Business Studies and Accounting, and an Honorary Doctorate from Aberdeen University in Scotland.
Email Iain Mackay on The 100 Group matters at: iain.mackay@the100group.co.uk
Members of the Financial Reporting Committee are drawn from finance departments of principally FTSE 100 companies, and represent a broad spectrum of industry groups.
Financial Reporting Committee
We continue to monitor developments in the IASB's major projects. We work with our other committees on cross-cutting issues, in particular on integrated and digital reporting initiatives, non-financial reporting metrics and UK endorsement mechanism for international accounting standards following Brexit.
The committee focuses on maintaining and developing our relationships with other stakeholder bodies in the UK and internationally in order to best co-ordinate and focus efforts on areas of shared interest.
What We've Said
- All
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- Archive
- News
- Other
Response to the IFRS Interpretations Committee’s Tentative Agenda Decision on the Classification of Debt with Covenants as Current or Non-current (IAS1)
Response to the IASB discussion paper on Business Combinations – Disclosures, Goodwill and Impairment
Response to FCA Exposure Draft: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations
Pensions Committee
The committee’s aim is to promote fair, transparent and appropriate pensions regulation for employers and employees.
The committee actively engages with the Government, the Pensions Regulator and the PPF to enhance pension regulation in the UK. It also engages with EIOPA and the European Commission to ensure appropriate regulation on a European level. It comments formally on significant relevant pension consultations and regularly advises relevant regulatory bodies on the future of pension provision.
Alan has been Chairman of The 100 Group Pensions Committee since April 2015.
Alan joined Tesco PLC on 23 September 2014 as the CFO. Alan qualified as a Chartered Accountant with Deloitte in South Africa and moved to the UK in 1985.
He has extensive financial experience in retail having been CFO at Marks & Spencer and WH Smith. He started his career in the UK in investment banking with HSBC. He became CFO at Thomas Cook Holdings in 1998 and was appointed UK CEO in 2001. From there he moved to WH Smith as Group CFO. In 2008 he was appointed CFO at AWAS, a leading aircraft leasing business, before moving to M&S in 2010. Alan is also a NED with Diageo.
Email Alan Stewart on The 100 Group matters at: alan.stewart@the100group.co.uk
The members of the Pensions Committee are drawn from Finance Directors, Group Treasurers and Pension Managers of member companies with an interest in the pension’s agenda.
The committee's current priorities are as follows:
- Pensions regulation: Arguing that any significant changes to pensions legislation should be made proportionately and after appropriate consultation.
- Brexit: Identifying any areas of pensions legislation where changes can usefully be made following withdrawal from the EU.
- Defined benefit funding: Ensuring that the funding regime for defined benefit pension schemes maintains an appropriate balance between trustees and employers.
- Pensions taxation: Continuing to make the case that major reforms to the taxation of pensions would be damaging and that the employer contribution has a key role in incentivising pension scheme membership.
The main items on the agenda for 2018 are expected to be:
- Responding to the forthcoming White Paper on defined benefit pensions, which may include proposals for new funding requirements and/or strengthened powers for the Pensions Regulator to intervene in corporate transactions involving defined benefit pensions.
- Continuing to make representations against any major reforms of the pensions taxation system.
- Monitoring developments in the defined contribution pensions regulatory landscape and ensuring that any further changes to defined contribution pensions legislation (including any arising from the auto-enrolment review) are not unduly onerous.
- Ensuring that the EU’s IORP (Institutions for Occupational Retirement Provision) II Directive is implemented proportionately in the UK, especially given the likely timing relative to Brexit (the Directive needs to be implemented by January 2019).
What We've Said
- All
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- Archive
- News
- Other
Response to FCA/TPR Call for Input on Regulating the Pensions and Retirement Income Sector
Response to Consultation on Advising on Pension Transfers
Response to Consultation on Implementing Asset Management Market Study Remedies