Centrica is under fire for handing out hefty bonuses while pushing prepayment meters on struggling households. As families battle soaring energy bills, the company insists paying big bonuses is crucial to keep its top brass and lure new talent. The board stressed that senior execs’ pay is largely performance-based.
Bonus Backlash as Energy Bills Bite
Critics argue it’s tone-deaf for Centrica to splash cash on bonuses when many customers face meter swaps and financial pain. The energy giant claims rewarding leaders drives results and secures future growth.
Bank of England to Clamp Down on Pension Funds
Next week, the Bank of England will unveil tougher rules for liability-driven investment (LDI) funds—used by pension schemes to match payouts to assets. A recent slump in UK government bond prices sent some smaller schemes into turmoil, forcing the Bank to step in.
Tougher Pension Rules Aim for Balance
- New rules will tighten cash buffer requirements
- Improve data reporting and governance standards
- Ensure funds stay effective yet resilient
Despite some MPs questioning LDI use, pensions minister Laura Trott insists these funds remain a vital investment tool for pension schemes.
