TSC report: Fat cat pay should mirror investment returns

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Senior executive remuneration should be directly linked to the returns given to investors if the industry wishes to restore confidence in the long-term savings market, suggests the Treasury Select Committee.

The TSC's report into the long-term savings industry published today suggests the level of pay given to senior management in the financial services industry should mirror the performance of the company he or she works for. This is because it would take away another obstacle standing in the way of re-building people's beliefs in long-term saving products, the TSC says. It explains: "The recent trend in institutional shareholders becoming more active in challenging remuneration report is welcome, and greater shareholder activism should be encouraged." "Shareholders and the membership...

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