UK - The National Association of Pension Funds will take a close look at Barclays Bank's annual report to ensure the chief executive's £1.39m pay rise is in line with performance.
And banking union Unifi said it is very hard to square Mike Barrett’s 100%-plus rise with the 3-4% increases given to staff.
Barrett’s overall package more than doubled to £3.9m last year with his basic remuneration increasing from £1.7m to £3.09m. This included a £1.9m bonus which was almost four times the previous year.
He also received shares worth £831,000 from an executive share award scheme, and a £990,000 pension fund top-up.
An NAPF spokesman said: “We have no problem with world class salaries as long as they are tied to world class performance.”
The bank posted record pre-tax profits of £3.8bn last year and said bonuses had been boosted as a result of the group’s “strong corporate performance”.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers