BP has told its shareholders to back a resolution brought against the company urging it to disclose risks associated with climate change.
The oil giant follows in the footsteps of its competitor Shell by telling investors it agrees with the recommendations of the resolution filed by 150 shareholders including 13 UK public pension schemes....
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.