19 October 2020
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Two companies were issued a warning for not committing to align the pension contributions of new directors with that of the workforce
Concerns over executive pensions led to 64 shareholder rebellions across 45 FTSE All-Share companies in the 2020 AGM season, with ongoing investor pressure leading to further commitments to reduce contributions at the UK's largest firms.
Investment Association data published on Saturday (17 October) revealed 14 FTSE companies reduced pension contributions for existing directors in 2020 and a further 43 committed to reduce contributions...
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