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.”
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
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).