RPMI

The Railways Pension Scheme has been awarded the Pension Quality Mark (PQM) Ready standard for its Industry Wide Defined Contribution (IWDC) section for the fourth year running.

Consumer goods giant Reckitt Benckiser has been dealt a blow in confidence after 18% of shareholders including Railpen Investments (RPMI Railpen) have voted against its remuneration policy.

Two factor-based equity funds have been launched by Unigestion in collaboration with RPMI Railpen which is providing seed capital for the projects.

The National Association of Pension Funds (NAPF) has appointed Frank Johnson as chair of its defined benefit (DB) council, and Richard Butcher as chair of its defined contribution (DC) council.

The Railways Pension Scheme's investment house has appointed BNP Paribas Securities Services to manage its dealing services.

Babloo Ramamurthy has been appointed chairman of Scottish Widows' Independent Governance Committee (IGC).

RPMI Railpen Investments has co-signed a shareholder move urging French media company Vivendi to drop double voting rights for long-term investors.

PP looks at criticisms of plans to reward long-term investors

Many fund managers are still failing to use voting rights to properly govern pension scheme assets, RPMI Railpen Investments has warned.

RPMI has appointed Karl Sternberg as a non-executive member of the board of its investment arm, Railpen Investments.