UK - The retired chief executive of Rentokil Initial, Sir Clive Thompson, has a pension with a transfer value of £11.4m.
In his final year as chief executive he paid more than £2m into his pension pot.
Rentokil said: “Sir Clive has been chief executive of the company for 20 years and his achievements are well documented.
“His pension is entirely in line with the company scheme.”
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.