ABI: make directors' pensions performance-related
Link pensions payouts with executives' performance, says ABI
Large pension payouts to directors must be reevaluated to link with their
performance, the Association of British Insurers has warned.
ABI director of investment affairs Peter Montagnon said that companies review
their remuneration policies to ensure that director pension payouts are also
linked to their performance, according to reports.
‘Our policy is that the overall remuneration package for executives should
have a part that is fixed and another that is linked to performance. Pensions
involve a large amount of remuneration that is not linked to performance,’ said
Montagnon.