Threadneedle Investments has appointed former chief executive Simon Davies as executive chairman - against the recommendations of the Combined Code.
However the asset management company claimed that as it is owned by US company Ameriprise Financial, this was not an issue for the board and it felt it had a “balanced board”. Threadneedle also claimed...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
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.