ABI attacks Standard Life over staff pay

ABI members, who control £1.6trn of investments or about 15% of the stock market, have hit Standard Life with an ‘amber top' warning over changes to directors' pay, according to the Daily Mail. The warning, part of a traffic light system, means it has concerns best practice is not being followed. Standard Life has played a key role in defining how companies should be run and its own corporate governance watchers are among the most respected in the industry. The ABI has also written to other boardroom directors of major companies demanding they block big pay rises to top bosses even...