Fund groups team up to attack 'unjustifiable' pay packages

Fearful of shareholder rebellion

Laura Dew
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Fund groups team up to attack 'unjustifiable' pay packages

Britain's largest asset management firms have united against 'fat cat' pay deals amid fears over the government's planned changes to corporate governance.

According to The Sunday Times, 13 asset managers, who are collectively manage £9trn worth of assets, are set to attack salaries and bonuses. Fund groups including Aberdeen Asset Management, HSBC Global...

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