December 28, 2016
UK Pension Funds: “Executive Pay is Too High”
– Broc Romanek
Here’s the intro from this note by Manifest:
The Pensions and Lifetime Savings Association (PLSA), the membership body for UK’s pension funds, has published its “AGM Season Report 2016,” focusing on executive pay using data provided by Manifest. A survey of PLSA members for the report found that 87% of respondents believe executive pay is too high.
A majority – two-thirds (63%) – of the 87% believe executive pay is generally too high, while 37% say it’s too high in cases of poor performance. Pension funds also have serious concerns about the pay gap between executives and their workforce with 85% of respondents highlighting it as a problem.