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L&G: City bosses get paid too much

Legal & General chief executive Nigel Wilson says City executives get paid “too much” after a report from the Executive Remuneration Working Group called for wide-ranging changes to executive pay. Wilson said executive pay was “not fit for purpose and has resulted in a poor alignment of interests between executives, shareholders and the company”, the Times […]

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Advisers back smaller platform market

Two thirds of advisers say a smaller platform market would be good for the industry. A Money Marketing poll of 130 advisers reveals 67 per cent back platform consolidation, with 33 per cent against. Last week, Standard Life announced its acquisition of Axa’s Elevate platform, while L&G is thought to be close to a deal […]

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Tony Wickenden: SJP deal won’t damage our integrity

Technical Connection joint managing director Tony Wickenden has vowed the acquisition by St James’s Place will not challenge the technical support firm’s integrity. Money Marketing revealed SJP’s deal to buy Technical Connection for an undisclosed sum earlier this morning. Speaking to Money Marketing and setting out the rationale behind the deal, Wickenden says: “It was […]

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