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...Calpers, the US’s biggest public pension plan, is weighing a vote against ExxonMobil chief executive Darren Woods’ re-election to the company board as shareholder discontent brews over a lawsuit it filed...
...More than 10,000 members of the Debenhams pension plan were transferred to the UK’s pension protection scheme in 2019, following the collapse of the 240-year-old retail group....
...of EnnisKnupp, a consultancy that works with pension plans....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Based in Duluth, Minnesota, Allete is known in the utilities sector for powering mines of taconite which is used to create iron ore used by the steel industry....
...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...In another blow, Glass Lewis raised concerns over the board’s plan to be able to issue shares of up to 50 per cent of the company’s share capital — exceeding the 33 per cent cap set by the industry body,...
...Research into what is known in the industry as the retirement living standards on behalf of the Pension and Lifetime Savings Association, sets out a “budget” for three retirement lifestyles....
...“There are clear consumer and industry advantages to having one pension pot that workers can choose for themselves,” said Becky O’Connor, director of public affairs at PensionBee....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Calstrs, one of the world’s largest pension plans, has had to delay publication of its 2023 climate report after discovering inaccuracies in the way it was calculating the carbon footprint of its $331bn...
...Yvonne Braun, director of long-term savings at the Association of British Insurers, welcomed the plans to compare the performance of pension providers....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...plans for the energy transition....
...The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for...
...The activist group has organised similar motions at Shell meetings since 2016 but support for the upcoming resolution has drawn the largest number of investment managers, said Follow This founder Mark van...
...Lego has named Ebi Atawodi and Ilkka Paananen to its board of directors. Atawodi is director of product at Google for YouTube Studio, and Paananen is the chief executive and co-founder of Supercell....
...BP has named Aviva’s chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the energy company’s board since it oversaw the departure last year of boss Bernard...
...Arnault’s youngest son, 25-year-old Louis Vuitton watch director Jean, is expected to join his siblings on the board in due course, according to people close to LVMH....
...Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage of 8 per cent as of June 2023, which included what the fund described as “active” and “strategic” leverage....
...Hong-Kong based CK Hutchison, Allianz and Canada’s Public Sector Pension Investment Board....
...John Graham, president and chief executive of the Canada Pension Plan Investment Board, which has C$576bn (£337bn) in assets, told the Financial Times he was opposed to “any constraint on portfolio construction...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
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