UK - Schemes are being urged to vote against bumper pay deals for Shell executives in the oil giant's annual general meeting later this month.
The NAPF claims there is a “lack of clarity” over how much Shell’s executives might get and what they would have to do to earn it.
Shell chairman, Sir Philip Watts, received a 55% increase in salary and bonuses for 2002, despite company profits falling by 23%.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.