The UK's National Association of Pension Funds (NAPF) has urged its members to lobby the top 750 companies in a fresh campaign over corporate remuneration.
In a letter to NAPF members, Alan Rubenstein, chairman of the NAPF investment committee says that members who wish to show support for better corporate governance, should write to the top 750 companies in the UK. The letter also backs moves that companies should be encouraged to put their directors remuneration reports to a vote by shareholders.
The move follows a similar letter from a group of investors - which together hold more than 5% of the UK stockmarket - that stated that “matters of executive remuneration be subject to regular review and approval by shareholders.”
By Janet Du Chenne
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
Plans to invest more than £3bn in strategic initiatives
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.