EUROPE - Royal Dutch/Shell Group chairman Sir Philip Watts has come under further pressure from investors over the firm's oil and natural gas reserve estimates.
Shareholders raised doubts about the group’s management structure and criticised Sir Philip for failing to answer questions about the recategorisation statement.
A class action lawsuit has now been filed in the US alleging that Shell deliberately violated accounting rules and guidelines relating to its reserves.
The National Association of Pension Funds says it will monitor the situation closely ahead of Shell’s annual general meeting in April.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.