Research from the Pensions and Lifetime Savings Association (PLSA) highlights that 84 per cent of pension funds are concerned about the pay gap in listed companies with 86 per cent believing that executive pay in listed companies is too high.
Luke Hildyard (pictured), stewardship and corporate governance policy lead, Pensions and Lifetime Savings Association, says: “Workplace pension schemes represent the interests of almost 20 million active members across the UK and invest trillions of pounds into the economy – they are some of the most long-term and engaged shareholders that companies have. It is clear that they are extremely uncomfortable with the executive pay culture that has taken hold across corporate Britain with the vast majority voicing concerns over the pay gap and executive pay in listed companies.
“We are hopeful that this week’s announcement from the Government will be a concrete step forward which will see a more measured and transparent approach to executive pay.”
