UK - Former Hermes Pensions Management chief executive Alastair Ross Goobey has received a £500,000 golden handshake.
Ross Goobey – who stood down at the beginning of this year – will also receive a pension top-up of £100,000.
Hermes also revealed that three executives at Hermes Focus Asset Management – David Pitt-Watson, Steve Brown and Peter Butler – made around £5m over the last two years in profit shares and bonuses.
In the two years to December 2001, Hermes Pensions Management earned profits of nearly £23m from its Focus fund.
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.