PIRC

Shareholders will be given more powers to hold companies to account under plans outlined yesterday by the business secretary.

Campaigning groups have welcomed the government's move to tackle spiralling executive pay, but warn giving shareholders a binding vote is not enough to stall the practice.

James Murdoch has survived a vote to oust him as chairman of BSkyB, despite opposition from investors.

Half of institutional investors have voted down more than 50% of remuneration packages but have largely backed bankers' bonuses, according to a TUC survey.

Employers forced to cut pay rises to pay for pension plans; Companies warned not to dismiss pay revolts; Axa asks staff to give up index-linked pensions; Pensions worry QE2 will raise liabilities; High price for overstating inflation

Pensions and Investment Research Consultants has advised Stagecoach investors to vote down a proposed executive remuneration package at the company's annual general meeting on Friday.

Unilever announces end to final-salary pension scheme; Final salary pensions do not have to be consigned to history; Prudential admits £4m mistake affects 39,000 savers; Retirees forced to stay in work as affordability bites; Older workers delay retirement...

Schemes with equity holdings in oil giant BP should vote down a pay deal lined up for departing executive, Pensions & Investment Research Consultants urges.