We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Disclosure of director's pensions: new reporting obligations for quoted companies

November 2013

Pensions Alert

From 1 October 2013, there are revised and more onerous requirements to disclose details of directors' remuneration, including pension arrangements, from quoted companies.  The policy objectives of the revision are:

  • giving shareholders more power through binding votes, so they can hold companies to account
  • boosting transparency so that what directors are paid is clear and easily understood.

Remuneration reports have to be in a new format with expanded content and a standard method of disclosure and presentation.  They now have three distinct parts – an annual statement; an annual remuneration report; and a new directors' remuneration policy.  The new forward-looking policy part creates a binding set of commitments by the company on the future remuneration of directors.  Pension benefits have to be disclosed in both the annual remuneration report and the policy.


Loading data