The UK’s Financial Reporting Council (FRC) has announced the successful signatories to the UK Stewardship Code following the latest round of applications.
The complaint alleges the Florida-based energy company and its pension plan failed to disclose material information in the summary plan description used to calculate lump sum payments to beneficiaries.
Some of the UK’s largest pension schemes have become signatories of the UK Stewardship Code for the coming year – including Nest, the Smart Pension Master Trust, and the Co-operative Pension Scheme.
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