UK - Hermes Pensions Management has defended tenfold pay rises for senior executives and claims they are merited by business performance.
Hermes is owned by BT and is the principal fund manager of its £22.7bn scheme which achieved investment returns of 19.8% over 2003. This was 2.1 percentage points above its benchmark target and 2.8...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date