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Net firm in warning on electronic voting

Hopes that electronic voting will pave the way for major improvements in

UK corporate governance have been dashed in a report sponsored by

shareholder voting service E-vote.

While electronic voting is due to become legal in the UK later this year,

E-vote warns that millions of these votes could be excluded under arcane UK

company law regulations.

Under current law, proxy votes may be added up but only count if a

sufficient number of shareholders demand a formal poll. In the UK, nearly

all resolutions at annual meetings are decided by a show of hands.

Standard Life&#39s vote on demutualisation takes place on June 27 and

Standard Life Members&#39 Action Group and E-vote are urging policyholders to

use their pos-tal ballot.

E-vote Robert Hayim managing director of E-vote said: “The rules on proxy

voting have changed little since Dickens and Queen Victoria and have no

relevance to 21st century business.”


Roll up formoney fornothing

As an actuary, I am always sceptical when I hear the phrase “money fornothing”. I do not seem to be alone in this, as some 80 per cent of IFAsout there appear to be so sceptical about the free lunch which investmentin offshore bonds can offer that they do not recommend them to theirclients.But sometimes, […]

Axa plans will pay within 1% structure

Axa Sun Life is to buck the trend set by rival life offices which arepaying high levels of commission on stakeholder-style plans.The life office says its new individual and group personal pension plans,to be launched in October, will pay commission within the 1 per centstakeholder charging structure.The decision runs contrary to moves by rivals such […]

Norwich extends longterm health coverage

Norwich Union is giving free critical illness cover worth £10,000 for 12 months as an ad-on to its SafeGuard Income Protection policies. The deal is part of NU’s drive to offer more to intermediaries enabling them to give offer clients more comprehensive cover packages. The critical illness policy pays a lump sum benefit which provides […]

Three Sipps come sailing in

Following the introduction of James Hay&#39s Flexi-Sipp, we asked our brokerpanel to compare it with two existing self-invested personal pensions fromPersonal Pension Management (PPML) and AJ Bell.Examining the market suitability of the three plans, Anglesea says: “JamesHay&#39s new Flexi-Sipp differs from the others because it appears to begeared primarily towards income drawdown.”Tinslay says: “All three […]

State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]


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