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Liontrust seeks approval to extend bonus scheme for fund managers

Liontrust Asset Management is to seek approval for a further extension of its bonus scheme – the Liontrust Senior Incentive Plan – at its annual general meeting.

The asset manager is seeking to increase the number of shares it can issue to 7.5 million to reward the likes of former Walker Crips Asset Management managers Stephen Bailey, Jan Luthman and Jamie Clarke.

“The purpose of the proposed awards is to address the lack of equity incentivisation for the Fund Managers and thereby closely align their interests with those of shareholders,” the AGM circular reveals.

“The increase will also create some headroom for future grants to executives of the company (excluding the executive directors).”

It adds: “Although the sensitivities of addressing fund manager remuneration at this current stage of the company’s development are acknowledged, this needs to be balanced with the strategic risks of failing to retain key fund managers and key executives, who are important to driving shareholder value.”


Winterflood: Alliance Trust is ‘work in progress’

Alliance Trust has been labelled a “work in progress” by Winterflood Investment Trusts, following its recently announced restructure and deal with Aviva Investors. The investment trust announced earlier this year that it was to merge its regional equity portfolios into one global portfolio under head of equities Ilario di Bon. Head of research at Winterflood, […]


Openwork appoints ex-Honister director as recruitment head

Openwork has appointed former Honister business development director Billy Hewitt as recruitment director for Scotland. Hewitt will report to Openwork business acquisition strategy director Keith Atkinson. Openwork says the appointment will see Hewitt engaging with a significant number of ex-Honister advisers looking for a new firm after Honister went into administration last month. Openwork has […]


Ucis claims firm Rebus withdraws misleading advert

Ucis claims firm Rebus Investment Solutions has withdrawn misleading advertising on its website following complaints to the Advertising Standards Authority. Money Marketing today revealed that Rebus employs banned adviser Richard Rhys, who was struck off by the FSA for Ucis misselling. Rebus’ website claimed the Financial Ombudsman Service could enforce compensation payments above the £150,000 […]


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