UK - The corporate governance joint venture between the National Association of Pension Funds and Institutional Shareholder Services is up and running.
Research, Recommendations and Electronic Voting provides a web-based service offering advice to NAPF members on how to vote at annual general meetings and the facility to complete a proxy vote.
The joint venture - unveiled at the NAPF annual conference in May - was formally launched last week and led by RREV chief executive Owen Davis.
He said: “The government wants pension funds to exercise their voting rights and RREV offers UK investors the opportunity to vote globally.”
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.