Half of institutional investors have voted down more than 50% of remuneration packages but have largely backed bankers' bonuses, according to a TUC survey.
Respondents to the annual TUC survey on fund manager voting said they were most likely to oppose company management on remuneration packages. Half of the sample - ten respondents - supported less than...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.