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 Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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