US/UK - A cross-section of US institutional investors, state treasurers and labour unions have called on Tyco International to set a specific timetable for the company to make a decision on returning the company from Bermuda to US soil.
“The only way for shareholders to truly hold Tyco accountable is for the company to reincorporate in the US,” said American Federation of State, County and Municipal Employees president Gerald McEntee, whose union is sponsoring the Tyco shareholder resolution.
California State Treasurer Phil Angelides said the Come Home to America campaign is aimed at nearly two dozen US firms that have taken legal refuge in sham overseas addresses.
In the UK, trade unionists have been told they should use their power as shareholders to stop excessive executive pay and failings in corporate governance.
The TUC is targeting 900 members of its member trustee network.
These pension fund trustees have responsibility for invested funds amounting to around £260bn – one-third of total UK pension fund assets.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.