Author: Eliz

The announcement coincides with the 80^th anniversary of the not-for-profit organisation, which began life providing holiday stamps to the construction industry during the Second World War.

Today, it provides a range of straightforward financial products, including The People’s Pension, which has more than six million members.

With assets under management currently more than £17bn and serving more than 100,000 employers across the UK, it has grown to become one of the biggest pension schemes in the country.

Patrick Heath-Lay, Chief Executive Officer, said: “We have always been the people’s partner. Founded for social good, as a not-for-profit – or profit for people – organisation, our customers, our members, are always our main focus. And whatever we do, that will never change.

“Our purpose is to help people, from all sectors across the UK, to build financial foundations for life, giving greater financial security to millions.

“So, this isn’t just

The second one-mile tunnel bore under Long Itchington Wood in Warwickshire marks the next big milestone for the  Balfour Beatty Vinci (BBV) tunnelling team on the northern section of phase one.

After operating around the clock in shifts over seven months, Dorothy became the first on the HS2 project to complete a tunnel drive in July 2022.

Since then the gantries of the tunnel boring machine, which weigh over 1,000 tonnes, were brought back through the tunnel and reassembled at the north portal.

The 10m diameter cutterhead, weighing 160 tonnes, was transported by road during an intricate night-time operation in September.

Neil Johnson, Tunnels Delivery Director for Balfour Beatty Vinci, said: “This has been an intense four months for the 300-strong team, including an intricate logistical operation to safely transport the TBM’s giant cutterhead and tail skin back to the north portal.

HS2’s senior project manager for Long Itchington Wood

Around 44% of Kier’s shareholders voted against the directors’ pay report at the firm’s AGM late last week.

Davies saw his total pay including bonus and long-term incentive plan rise to £2,245,000 this year from £1,323,000 in 2021.

His basic salary rose 26% to £750,000 from £595,000 the year before.

The AGM vote was only advisory and followed a formal vote in 2020 to accept the company remuneration and long term incentive policy.

In a brief statement, the firm said: “Prior to the AGM, the company engaged with its largest shareholders on directors’ long-term incentives, and the remuneration committee will reflect carefully on the points that they have raised.

“The remuneration committee is commencing its triennial review of the remuneration policy and will continue to engage with as many shareholders as possible during 2023 to understand their views.

“The policy will be put to shareholders for consideration at the