dividends

Southern Water fixes pension fund after TPR investigation

Southern Water has incurred the wrath of The Pensions Regulator (TPR) after it was revealed the utility giant had prioritised dividend payments to shareholders over payments into the company pension scheme, despite a multimillion pound pension scheme deficit.

05/12/2018

News

Thames Water to ‘prioritise investment over dividends’

Thames Water will not pay external shareholders dividends for the next two years and its chief executive will not receive a bonus until at least 2020 as the company plans to “prioritise investment” to improve services.

03/07/2018

News

Ofwat responds to MP’s criticism about water pension cuts

Ofwat expects water companies to meet customers’ obligations and “take fair account” of employee interests before making dividend payments.

16/04/2018

News

Water sector must address corporate behaviour concerns

Water companies must address concerns around corporate behaviour alongside producing their business plans for the upcoming price review, PR19, Ofwat’s chief executive has warned.

13/04/2018

News

Water firms under fire for cutting pension benefits

The chairman of parliament’s work and pensions committee has accused water companies of paying “massive sums” to shareholders while cutting their workers’ pension benefits.

04/04/2018

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