UK - Pension funds are being urged to abstain from approving Reuters remuneration reports.
The NAPF said that while corporate governance had improved at the media company, shareholders should not let this blind them in their voting at next week’s annual general meeting.
The NAPF’s voting issues service statement said: “The company is commended for its disclosure of the areas against which performance is measured.
“However, shareholders will need to satisfy themselves that for 2002, any bonus payments for executive directors were justified in light of the considerable fall in share price during the year.”
The NAPF said it was also disappointed that Reuters was asking shareholders to make a judgement on the election of a new executive director, Devin Wenig, before the full details of his contract were known.
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.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.