Lloyds  

Lloyds gets support for senior exec pensions

She called on investors at Lloyds and other companies to hold pay committees to account and vote against remuneration reports which include CEO pay packages vastly outstripping those of the wider workforce.

In March 2019, the Work and Pensions select committee considered launching an inquiry into executives’ pension payments, after companies came under fire for failing to align these with the rest of their staff.

The BEIS committee published a report saying that companies must do more to link top bosses’ pay to that of the rest of their workforce.

It stated that chief executives in FTSE 100 companies have enjoyed rates of about 25 to 30 per cent of pension contributions, whereas their employees received only 9 to 10 per cent.

amy.austin@ft.com

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