Category Archives: Legal and General

L&G opens door for huge US-style bonuses for UK asset managers

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Update to pay policy includes room for ‘necessary flexibility’ to attract best talent to London-listed firm

One of the largest UK pension and insurance firms has opened the door to backing US-style mega-bonuses for London listed companies despite fears that executive pay is fuelling inequality and encouraging “short-term risk taking”.

Legal & General Investment Management has updated its pay policy to say there is room for the “necessary flexibility” needed to attract the best talent. It acknowledges “an increased push” by UK companies towards “remunerations structures that are more closely aligned to US-style pay”.

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NSW clubs’ lobby alleges whistleblower Troy Stolz waged media campaign to ‘tarnish’ its reputation

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ClubsNSW alleges in a federal court document that sending information to journalists was intended to breach confidentiality

The New South Wales’ club lobby is using emails between whistleblower Troy Stolz and journalists at five major media outlets to argue he waged a campaign to “tarnish” its reputation with confidential information about its alleged failures to comply with laws designed to prevent money laundering and terror financing, according to court documents.

ClubsNSW is suing Stolz, a former employee, over his handling of internal documents, including a series of documents he sent to journalists.

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More than one in eight UK households fear they have no way of making more cuts

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As energy bills soar, survey shows almost half of homes are worried about paying rent or mortgage

More than one in eight UK households fear they have no further way to make cuts to afford a sharp increase in annual energy bills this autumn.

More than a quarter of households earning less than £20,000 worry they will be unable to cope with higher bills, with families in Yorkshire, the south-west and Northern Ireland the least confident about covering their costs, according to the latest rebuilding Britain index of 20,000 people by Legal & General.

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