Mercer, an influential provider of advice for pension schemes, has said asset managers should pay investors to run their portfolios and provide performance guarantees instead of earning fees regardless of the returns.
UKSA and ShareSoc have submitted comments in response to the FRC’s consultation on its draft strategy and budget for 2018.
UKSA and ShareSoc have issued a joint response to the FRC's consultation paper on the Corporate Governance Code.
UKSA has signed a letter to the Financial Times exposing once again the hole at the heart of modern accounting: the loss of the prudence principle.
The latest edition of the Transparency Times carries a story on Northern Rock and Dennis Grainger, Chairman of the Shareholders' Action Group.
The article can be found on pages 15 onwards by clicking this link: https://issuu.com/andyagathangelou/docs/transparency_times_november?e=2…
UKSA identified the Persimmon LTIP as outrageous when it was first approved in 2012. This is more than a single-company story. It also shows what groups of individual shareholders could contribute to corporate governance were they not emasculated by the erosion of their rights in favour of conflicted institutional and corporate interests. Join UKSA to support the campaign against egregious LTIPs.
As reported in today’s Financial Times (2 December 2017) an advice scandal is brewing around the Tata Steel pension fund. Some advice firms have capitalised on pensioners’ ignorance by advising transfer into high risk funds with transparently unsuitable investment profiles, undeclared fees and undeclared conflicts of interest.
UKSA is keen to build a good relationship with the Financial Reporting Council (FRC) and contribute fully to the work that it does. We believe that this is best done by developing a relationship which is based on objectivity and constructive feedback - in both directions. Sometimes that feedback is critical.