R&SA chief exec payoff criticised by pension funds

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UK - Pension funds have attacked insurance giant Royal & SunAlliance over its £2.5m golden handshake to former chief executive Bob Mendelsohn.

Mendelsohn received £1.4m in compensation for loss of office as well as a £600,000 salary, £416,000 in allowances and a pension of £325,543 a year. The firm reported losses of £1.2bn during hi...

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