UK - Ministers have dismissed an MP's attempts to curb executive pay as flawed.
But the department of trade and industry stressed that although Archie Norman’s Private Member’s Bill does not provide an answer, it intends to carry out an investigation into the subject of executive pay in the near future.
Norman’s Bill proposes curbing payoffs to sacked directors by giving firms the power to override contractual obligations.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.