IA creates working group to 'simplify' company pay structures

Concern firms could suffer 'reputational damage'

Natalie Kenway
clock

The Investment Association(IA) has created a working group, with members including Newton Investment Management CEO Helena Morrissey and L&G group chief executive Nigel Wilson, to propose measures that will "radically" simplify pay structures for management teams.

The association said it is concerned UK-listed firms, including those in the investment industry,  could suffer “reputational damage” as complex pay structures could lead to a lack of clear incentives for boards and executives to act in the best long-term interests of companies and their investors. Why funds industry is 'ripe for investigation' over pay structures Daniel Godfrey, chief executive of the Investment Association, said: "Complex pay structures can make it difficult for investors and the wider community to judge whether high rewards are being earned for exceptional manageme...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asset Managers

Amundi hits record high €2.1trn AUM in Q1 2024

Amundi hits record high €2.1trn AUM in Q1 2024

€17bn net inflows

Eve Maddock-Jones
clock 26 April 2024 • 2 min read
Tatton AM sees record £2.3bn net inflows in culmination of three-year growth plan

Tatton AM sees record £2.3bn net inflows in culmination of three-year growth plan

Total AUM up £3.7bn

Eve Maddock-Jones
clock 16 April 2024 • 1 min read
Should boutique asset managers care about corporate PR?

Should boutique asset managers care about corporate PR?

One in six set to disappear in next four years

Henry Adefope
clock 17 October 2023 • 4 min read
Trustpilot