Shareholders force Aviva to review remuneration deals

Jenna Towler
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Aviva has agreed to review pay deals for executives joining the insurer following shareholder discord over its remuneration report.

A notice to investors, released this morning, also said group chief executive Andrew Moss had refused to accept a pay increase. The report, issued on 21 March, provoked shareholders to question the pay packages offered to Aviva’s executives. The life and pensions firm said its shareholders had “voiced concern about some elements of the report”. It said these worries mainly focused on compensation paid when it recruited executive directors and whether overall levels of remuneration “appropriately reflect changes in shareholder value through the year”. Remuneration committee chairman Sc...

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