UK - Schemes should be wary of investing in media stocks due to the sheer number of corporate governance risks involved, new research claims.
Just Pensions – part of the UK Social Investment Forum – believes that shareholder value is potentially threatened by the ownership and governance structure of several media companies.
The research claims the management of a number of media companies is dominated by a chief executive or chairman who is also a major share-holder.
Just Pensions said: “Minority shareholders – such as pension fund trustees – will be concerned to know whether or not there is a strong, independent counterbalance in the leadership, preferably at non-executive level, who will act in their interests.”
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.