The Pensions and Lifetime Savings Association has today (Tuesday) commented on the Government’s proposal to publish a green paper on executive pay.
Luke Hildyard, Policy Lead: Stewardship and Corporate Governance, Pensions and Lifetime Savings Association, said:
“Our members are concerned by the rising levels of executive pay and believe the justification for this increase is weak. We are pleased that the Government’s green paper is expected to include proposals that we have previously advocated, including the publication of intra-company pay ratios.”
“On Thursday we will publish our AGM Report which highlights how our pension fund members feel about current levels of executive pay. The report will also outline the satisfaction level of pension funds on asset managers fulfilling their stewardship responsibilities.”
In July, the PLSA highlighted the issue of pay ratios in its toolkit: ‘Understanding the worth of the workforce’, as well as other workforce-related issues.
NOTES TO EDITORS
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.
Lucy Grubb, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073 023, E: [email protected]
Babak Mayamey, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1718, M: 07825 171 446, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007 713, E: [email protected]