View more on these topics

BoE governor King rejected £100,000 pay rise

Bank of England governor Mervyn King rejected a £100,000 pay rise when he started his second term this month.

The BoE’s annual report published yesterday, revealed that King’s rejected a pay rise recommended by the Remuneration committee, which said the governor’s salary was low for the size and responsibilities of the role.

The committee recommended the governor’s salary rise to between £375,000 and £400,000, but King took a pay rise of just 2.5 per cent from £283,564 to £290,653.

The BoE has repeatedly urged employers to exercise restraint in pay deals and warned against households pushing for higher wages to counter the effects of inflation.

Recommended

Reliance concern at FSA data

Kent Reliance Building Society has written to the FSA to express concern that it is asking for more information on the business than its own directors would normally have.

Bearing up

Many times in the past, I have made reference to the special place that residential property enjoys in the minds of the British. Such is the carnage presently taking place in the housebuilding sector that it is not unreasonable to expect this relationship to break down.

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com