UK - Burberry faced shareholder opposition over a "generous" pay deal for the fashion firm's chief executive, Rose Marie Bravo.
Pensions Investment Research Consultants and the NAPF both recommended that shareholders vote against the report because of “generous reward and bonus structures” although with Burberry’s parent company, Great Universal Stores, holding 77% of the shares, opposition was purely symbolic.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).