Investment

PIRC is advising shareholders to oppose long-term incentive plans for senior staff in the run-up to the 2013 annual general meeting season.

The European Commission has adopted a proposal for a Financial Transaction Tax to be introduced in eleven countries, without an exemption for pension funds.

Amec has closed its career average revalued earnings schemes to new members and offered cash lump sum settlements despite its principal scheme being in surplus, its full-year results show.

A blueprint for constructing mortality models tailored to specific scheme memberships has been developed by academics at Cass Business School's Pensions Institute.

Rolls Royce has seen its UK schemes' funding position fall by 28% due to a decrease in the value of assets, its 2012 results show.

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

Weak covenants and longevity risk are by far biggest unhedged risk in defined benefit schemes, PP research finds.

Pensions professionals believe some defined benefit schemes can keep going indefinitely.

The Universities Superannuation Scheme's in-house investment manager, USSIM, has strengthened its private equity team with the appointment of Robin Filmer-Wilson.

Mirabaud Asset Management has launched a global high yield bond fund.