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.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).