UK - Pensions Investment Research Consultants is recommending opposition to Carpetright's remuneration report at its annual general meeting on August 12.
PIRC said performance targets were unacceptable and the firm made “grants” to two executive directors this year under a scheme set up in 1993.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.