UK - Pension funds have welcomed Tesco's promise to look at current directors' contracts.
The supermarket’s remuneration report was passed with just 59% of shareholders’ votes at the company’s annual general meeting last week – one of the highest dissenting votes this year.
Local Authority Pension Fund Forum deputy chairman John Saunders said that while the company’s undertaking falls short of a commitment to reduce the contracts, a commitment to review them is a step in the right direction.
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).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers