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 Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).