Top UK fund house chiefs take steep pay cuts amid lower bonuses
The compensation paid to chief executives of leading listed UK asset managers including Henderson, Ashmore, Aberdeen Asset Management, and Jupiter Fund Management, suffered a decline of between 10% and 65% in 2016, amid steep cuts in bonus payouts. (FT)

UK firms exit pension liabilities worth £3.8bn using ‘pre-packs’
UK businesses have misused a controversial insolvency process to exit pension liabilities worth £3.8bn, mostly by dumping their retirement obligations with the Pension Protection Fund after selling off the companies to owners or directors. (FT)