UK 'years away' from legislating on executive pay - Steve Webb

  Writing in The Guardian on Saturday, in the wake of the Carillion collapse, May suggested the government would set out "tough new rules for executives who try to line their own pockets by putting their workers' pensions at risk".  Webb, who is now director of policy at Royal London, welcomed the government's criticism of firms that paid "excessive" bonuses, but argued legislative change was still some distance away. "The government is right to criticise firms that pay excessive bonuses or put large dividends ahead of plugging the hole in the company pension fund," he said. "But t...