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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.