UK - The pensions payments of executive directors must be considered in the context of their overall pay package, Baring Asset Management claims.
The fund manager has released “five basic policies” to help schemes gauge and monitor their invested companies’ performances.
Head of UK institutional business Jenny Segal explained: “We don’t simply look at gross payments.
“However, we believe that options and shares are important factors as they both seek to align remuneration with the economic interests of shareholders.”
BAM’s five-step policy on corporate remuneration is:
- Packages should be competitive to recruit and train talented staff.- Remuneration should be set in a clear and transparent manner.- Rewards should be aligned to shareholder interest – pay should be connected to performance and progress towards company targets should be key.- Pensions should be considered in context.- Share price performance should be considered relative to the company’s sector and the market.
Segal added: “Companies should have a clear and transparent policy, and when they don’t, we will take action and vote against proposals.”
PP has compiled a list of what to watch out for over the coming months.
The Pensions Regulator (TPR) spent just under £60,000 on a rebrand, including the design of a new logo and implementation of a refreshed colour scheme, Professional Pensions can reveal.
In this week's Pensions Buzz, we want to know whether or not you believe default decumulation pathways are a good way to tackle members' confusion at retirement.
The increase in minimum auto-enrolment (AE) contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.