Third of FTSE 100 firms set to slash exec pensions amid investor pressure

Shareholders push for contributions in line with the majority of their workforce

Mike Sheen
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IA chief executive Chris Cummings
Image:

IA chief executive Chris Cummings

Almost one-third of FTSE 100 companies have agreed to reduce pension payments for executives in response to pressure from shareholders, with some bosses being offered contributions in line with that of the majority of their workforce.

It follows the Investment Association (IA) campaign launched in February, which argued investors wanted executives' pension contributions to be in step with company employees. Shareholders 'show their...

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