View more on these topics

Major firms slammed for ignoring shareholder revolts on pay

Payment-Fine-Currency-Money-700.jpgThe Investment Association has criticised 32 FTSE-listed companies for failing to address shareholder concerns over issues like excessive executive pay.

The trade body has written to “repeat offenders” who have faced revolts on the same resolution in successive years, including Astrazeneca, WPP and Berkeley Group.

More than half of the rebellions in question took aim at director pay packets.

The Times reports that the IA’s recently launch public register, which lists companies hit by more than 20 per cent of votes against any resolution at their annual meetings, will now be expanded to flag up companies that that appear for the same resolution in each of the last two years.

Overall, shareholder revolts at AGMs are up around 20 per cent this year, IA data suggests.

The Times quotes director of stewardship and corporate governance Andrew Ninian as saying: “[The register] should act as a warning to companies. We expect these companies to provide an update statement to their shareholders on the engagement they had since the AGM vote, views heard from shareholders and follow-on actions taken.”



How a little known change to top-slicing relief could affect clients

When it comes to clients with investment bonds, advisers have several techniques up their sleeves to avoid unnecessary taxation and charging. But one of these tactics has become slightly less productive for offshore bonds in certain situations thanks to a little known change to top-slicing relief by HM Revenue & Customs which went under the […]


Quilter acquires three more advice firms

Quilter Private Client Advisers has acquired another three financial planning firms as it continues to expand. Eastgate Financial Management, Holdaway Johnson, and Clive C Aitkenhead Financial Consultant, based in Cheltenham, Surrey and Blackburn respectively, will all join the Quilter advice business formerly known as Old Mutual Wealth Private Client Advisers. David Irving,  Charles Holdaway, and Clive […]


Paul Lewis: HMRC has made a mess of state pension credits

Thousands have been incorrectly fined, with many also missing out on vital state pension credits In a rare admission of incompetence, HM Revenue & Customs is to waive penalty charges for tens of thousands of parents who received child benefit even though their income was too high. They will still have to pay the back […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. I think capitalism became unfashionable with wider share ownership. It’s alright for the oiks to give us their capital to play with, but they’re not going to get much of a share in the benefits!

Leave a comment


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