HSBC slashes 'pension' payouts for top executives

Stephanie Baxter
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HSBC is to cut pension payments to its highest executives from next year as part of plans to bring its policy in line with other top FTSE companies, according to reports.

Under the current arrangement the retail bank's chief executive, chairman and two executive directors can get 50% on top of their basic salary in cash instead of a pension, which is more generous t...

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