Barclays has bowed to pressure from shareholders before its annual general meeting by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.
In a statement released today, Barclays said chief executive Diamond (pictured), and group finance director Chris Lucas have agreed that half of their deferred bonuses will not be paid to them until returns...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.