UK - Unilever co-chairman Niall FitzGerald has accrued a pension of £11.7m - the largest transfer value revealed under new remuneration report regulations imposed this month.
FitzGerald has worked for the company for 27 years.
Changes proposed in the Green Paper would see transfer values above £1.4m subjected to 60% tax – currently, higher rate taxpayers pay 40% tax on 75% of the pension they receive.
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The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).