Saga is advancing a planned change in its audit arrangements after completing a formal tender process led by its Audit and Risk Committee. The board has approved the proposed appointment of PricewaterhouseCoopers LLP as independent external auditor for the financial year ending 31 January 2028, subject to shareholder approval at the 2027 Annual General Meeting.
Highlights
- Saga’s board approved PricewaterhouseCoopers LLP as proposed external auditor for the financial year ending 31 January 2028.
- Saga shareholders will vote on PwC’s appointment at the Annual General Meeting in 2027, with KPMG LLP remaining auditor through FY2027.
- Saga’s audit tender, outlined in its 2026 Annual Report and led by the Audit and Risk Committee, signals planned governance continuity rather than operational disruption.
Audit transition plan and shareholder vote
As reported by London Stock Exchange, citing London Stock Exchange Regulatory News Service, Saga says the board has approved the proposed appointment of PricewaterhouseCoopers LLP, or PwC, following the completion of the company’s formal audit tender process.The proposed appointment applies to the financial year ending 31 January 2028. Shareholders are due to vote on the appointment at the Annual General Meeting to be held in 2027.
KPMG LLP remains Saga’s independent external auditor for the financial year ending 31 January 2027.
Governance continuity and company implications
The company says the tender process was outlined in Saga’s 2026 Annual Report and Accounts and was led by the Audit and Risk Committee, indicating a planned governance review rather than an unexpected operational change.Saga also thanked KPMG for its service since 2017 and acknowledged the firms that took part in the tender. The change sets up a future handover of audit responsibilities while maintaining continuity through the 2027 financial year.
Our earlier coverage of the FCA’s tougher non-financial misconduct regime explained how UK financial firms were ramping up scrutiny of workplace behaviour ahead of stricter conduct standards. We noted that the updated rules widen manager accountability for identifying, investigating and reporting issues such as bullying and harassment, while also increasing the importance of disclosures and governance oversight.
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