UK - Investor lobby group Pensions Investment Research Consultants has vowed to monitor corporate governance changes at oil giant Shell.
Following the retirement of group managing director Philip Watts – criticised by investors for the reclassification of a fifth of Shell’s “proven” oil and gas reserves as “probable” in January – the company is planning an overhaul of corporate government arrangements.
In a bid to bolster shareholder support, Shell is considering withholding an £8m pension and more than three million share options from Watts and looking to improve its management structure.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.