UK - Fund manager Schroders has pushed through a controversial pay package for its chief executive Michael Dobson, despite strong opposition from the NAPF.
The NAPF advised members to vote against the firm’s remuneration report but only 14%of voters opposed the package.
The remuneration report included a non-performance based bonus of £1.8m per year and termination clause worth £3.75m.
Of the votes cast, 75% supported the package, 14% opposed and 7% abstained.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).