The Financial Reporting Council (FRC) has unveiled the 2018 version of its UK corporate governance code, setting out how it believes companies should approach relationships with shareholders, including pension schemes.
Under the revised code, corporate governance reporting should be clear and coherent to enable shareholders to assess the quality of governance arrangements, as well as the board's activities and contributions....
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.