Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.
A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’
Reading heavily from notes, Prot - who for more than a decade helped oversee BNP's expansion into a sprawling but very euro zone-focused banking giant - played down the bank's presence in tax havens during a grilling from a Senate committee on t
Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.
As at 31 March, wealth management group Brooks MacDonald’s discretionary funds under management stood at £3.5bn, a significant increase over the first three months of the year haven risen from £3.2bn at the end of 2011.
Grosvenor Group Ltd., the property company owned by the Duke of Westminster’s family trusts, said earnings before items rose to a record last year as it increased rental income and cut expenses.
According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.
One in five Britons with more than £250,000 in savings are thinking of living abroad because they are tired of crime, poor weather and the high cost of living, the wealth management arm of Lloyds Banking Group said on Monday.