No more blank cheques for FTSE companies

 

Campaign to stop unfair pension investments

Shareholder power at companies like Aviva, Barclays and Trinity Mirror has been grabbing the headlines, but many people don't realise that, if they have a pension or stocks-and-shares ISA, it is their money being invested in these high paying companies.

The responsible investment charity FairPensions have launched a new campaign to raise awareness and to encourage  pension and ISA savers to contact their providers urging them to vote against excessively generous remuneration packages.

This week I sponsored a new Early Day Motion about the campaign, as a way to put pressure on the Coalition Government about the need to curb excessive pay and on companies who pay their executives over the odds.

FTSE bosses have seen average pay rise by 11% whilst share prices have dropped by 7% in the last year - so I am joining savers across the country to demand an end to rewards for failure.

 

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