Third of UK’s top companies to cut executive pensions – investor body

By Lena Masri LONDON (Reuters) - Nearly a third of the companies in Britain's FTSE 100 index of blue chip firms have agreed to cut pension payments for executives, the Investment Association said on Wednesday, amid increasing scrutiny of the gap between bosses' and ordinary workers' pensions in Britain. In February, the Investment Association, which represents big asset managers, said a company would be "red-topped" if it did not explicitly state that any new executive director would have pension contributions set in line with the majority of employees.

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