UK/US - Leading shareholder activist Bob Monks has received an award for his corporate governance achievements.
He was given the International Corporate Governance Award by the International Corporate Governance Network at the Hermes stewardship and performance dinner.
Sir Adrian Cadbury, the recipient of last year’s inaugural award, said: “Bob has been in the forefront of corporate governance for over 20 years, during which he has made a major contribution to the theory and practice of corporate governance both in the US and the UK.”
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.