BlackRock , the UK ’s largest fund manager , has written to the chairmen over of 300 of the UK ’s biggest companies calling for reductions in pension entitlements and excessive pay rises . And in future it would only approve pay rises for executive directors if employees’ wages were increased by a similar amount. The New York - based firm , which controls assets worth $ billion , said it would only approve pay rises for executives if they were matched by similar increases for employees . Over 50 % of the UK ’s largest quoted companies will submit pay raises to binding shareholder meetings within the next months . He is believed to be among the top three shareholders of every FTSE 100 company .
BlackRock , the UK ’s largest fund manager , has written to the chairmen over of 300 of the UK ’s biggest companies calling for reductions in pension entitlements and excessive pay rises . The New York - based firm , which controls assets worth $ billion , said it would only approve pay rises for executives if they were matched by similar increases for employees . Over 50 % of the UK ’s largest quoted companies will submit pay raises to binding shareholder meetings within the next months . He is believed to be among the top three shareholders of every FTSE 100 company .