Rein In Director Pensions Or Face Revolt, UK Firms Urged

Law360, London (September 27, 2019, 1:01 PM BST) -- Businesses in Britain must set out “credible plans” to pay directors the same pension contributions as the rest of their workforce by 2022 or risk shareholder rebellions, an investment trade group warned on Friday.

The Investment Association, which represents investment managers with more than £7.7 trillion ($9.5 trillion) in assets, said it will warn its 250 members not to buy shares in companies that pay pension contributions to directors worth more than 25% of their salary if the businesses do not have a plan to bring them into line.

Companies should set out how they plan to bring their contributions to...

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