UK - Nearly a third of Barclays shareholders followed NAPF's advice and refused to back the bank's remuneration report at its annual general meeting.
The report recommended doubling chief executive Matthew Barrett’s annual basic salary, pension contribution, bonus and other benefits.
Barclay’s remuneration committee defended the report, saying the provision was designed to “retain the services of an executive with a global reputation in a competitive market for talent”.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers