UK - The Investment Association take a tougher stance on executive pensions

Companies are expected to reduce existing directors’ pension contribution rates, or set out plans to do so by the end of 2022. IVIS will red or amber top those that don’t. With this latest announcement, the Investment Association is increasing pressure on companies to meet the 2018 Corporate Governance provision that rates should be aligned with those of the workforce.

The IA set out investors’ expectations on board pension benefits in February. They now report on progress and provide guidance for 2020 AGMs.