Third of FTSE 100 firms set to slash exec pensions amid investor pressure

Shareholders push for contributions in line with the majority of their workforce

Almost one-third of FTSE 100 companies have agreed to reduce pension payments for executives in response to pressure from shareholders, with some bosses being offered contributions in line with that of the majority of their workforce.

It follows the Investment Association (IA) campaign launched in February, which argued investors wanted executives' pension contributions to be in step with company employees. Shareholders 'show their teeth' as rebellions rise by 25% in 2018 AGM season IA analysis of the 2019 AGM season revealed 30 companies in the FTSE 100 have made changes to executive pensions as a result of increased pressure in this area, with 17 agreeing that new directors will be given a pension contribution in line with the majority of the workforce. Meanwhile, four companies have already reduced pension co...