Royal
Mail major shareholders to be asked if shares were too cheap
Commons business committee plans to write to large investors as part of bid
to find out if state-owned postal service was undervalued
Debt could trigger
next crash, says thinktank
Report suggests urgent action is needed 'to stop the UK sleepwalking into a
major personal debt crisis'
Swiss
pension funds obliged to vote at AGMs under final version of Minder
Swiss pension funds will now be obliged to vote at company annual meetings
according to the final version of the so-called Minder initiative against
excessive executive pay. It means they have failed in their attempt to be
exempted from having to vote.
Companies
facing increased engagement from bond holders – TUC survey
Institutional investors in the UK are increasingly using a ‘stewardship’
approach to their fixed income holdings – meaning companies are now facing
engagement from their bond holders as well as shareholders – according to a
new report from union umbrella body the Trades Union Congress (TUC).
RPMI
Railpen seeks more committed relationships with companies, asset managers
RPMI Railpen, the £20bn (€24bn) body which oversees the UK’s railway
industry pension funds, says it is planning to deepen its relationships with
both its asset managers and the boards of the companies where it invests.
L&G;
claims pension charge cap is not low enough to work
One of Britain’s largest insurers has warned that plans to clamp down on
the charges pension providers heap on to their customers do not go far enough
and will cost savers more than £4bn.
TUC Fund Manager Voting
Survey 2013
The survey is intended to give trustees information on how various fund managers exercise voting rights in relation to controversial issues at company AGMs, and an insight into voting and engagement processes.
Advice from Colin Meech c.meech@unison.co.uk
