Shareholders have backed a resolution brought by a group of investors including 15 UK pension schemes to force Shell to measure and manage its exposure to climate change risk.
The resolution was supported by 98.9% of shareholder's at the oil major's annual general meeting (AGM) in the Hague yesterday, making it legally binding. Shell will now have to report on operational...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.