UK - Sainsbury's has said that its chief executive, Sir Peter Davis, will become the company chairman in the lead up to a possible bid for supermarket rival Safeway.
Investors have expressed anger at the move, which directly contradicts corporate governance guidelines.
But the NAPF has not taken this view and said that although the move went against the spirit of Higgs it is happy with Sainsbury’s actions.
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).