Pirc urges investors to reject directors’ pay following £4.25m payout to Trevor Matthews

Trevor Matthews Aviva

Pensions and Investment Research Consultants (Pirc) are urging investors to vote against the group’s remuneration report on May 3.

Pirc has labelled the pay “excessive” and it has been backed by the ABI, which has advised its members to consider voting against the report, according to The Telegraph.

UK chief executive Trevor Matthews (pictured) was handed a bonus of £45,000 for a month’s work as part of a £4.25m welcome package. European head Igal Mayer, who lost his job this week, was also handed a lucrative package following his appointment in January last year.

Chief executive Andrew Moss received a £2.69m package.

 

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