On 5 November 2013, the Association of British Insurers (‘ABI’) issued the 2013 edition of its Principles of Remuneration. The ABI made significant revisions to the Principles in last year’s edition and, this time, has made only minor amendments and clarifications. The key changes relate to:

  • performance adjustment;  
  • executive shareholdings;
  • performance on grant schemes; and
  • the new reporting and voting regime.

ABI Principles of Remuneration, 5 November 2013, available at:

http://www.ivis.co.uk/ExecutiveRemuneration.aspx

ABI Letter to Remuneration Committee Chairmen introducing the 2013 edition of the Principles of Remuneration available at:

http://www.ivis.co.uk/Principles%20Letter%2004%2011%2013%20 final%20website.pdf