ANNUAL GENERAL MEETING 14 JUNE 2017 TRACEY GRAHAM CHAIRMAN OF THE - PowerPoint PPT Presentation

ANNUAL GENERAL MEETING 14 JUNE 2017

TRACEY GRAHAM CHAIRMAN OF THE TRACEY GRAHAM REMUNERATION COMMITTEE

COMMITMENT TO OUR PEOPLE Royal London AGM 2014 11 June 2014 3

ROYAL AL LON ONDON DON ROADS ADSHO HOWS WS Royal London AGM 2014 11 June 2014 4

COM COMMITM MITMENT ENT TO O OU OUR R PE PEOP OPLE LE PAY AND REWARD Simple and fairly applied LEADERSHIP Quality, consistent experience PERSONAL DEVELOPMENT Grow and build a career Royal London AGM 2014 11 June 2014 5

DIRECTOR REMUNERATION Royal London AGM 2014 11 June 2014 6

REMUNERATION REVIEW Royal London AGM 2014 11 June 2014 7

REM REMUN UNERA ERATIO TION N REV REVIEW IEW OBJ OBJECT ECTIVES IVES MAXI MAXIMIS MISE E ALIGNMENT ALIGNM ENT with Members and Policyholders REGULA REGULATOR ORY Y COMPLIANCE COMPLIANCE SIM SIMPLIFY PLIFY of our to improve remuneration understanding policy Royal London AGM 2014 11 June 2014 8

REMUNERATION REVIEW OUTCOME Royal London AGM 2014 11 June 2014 9

REM REMUN UNERA ERATIO TION N PO POLICY LICY AIMS AIMS ALIGNMENT OF EXECUTIVES’ INTERESTS with Members and Policyholders SUPPORT DELIVERY OF GROUP STRATEGY while adhering to risk appetite ENSURE REMUNERATION IS COMPETITIVE to attract and retain talent NEW: ENSURE FAIR OUTCOMES For our people, members and policyholders Royal London AGM 2014 11 June 2014 10

PACKA CKAGE GE ST STRUCT UCTURE URE Base Salary Pension Benefits Short-term Incentive Plan Long-term Incentive Plan Royal London AGM 2014 11 June 2014 11

CHANGES TO OUR REMUNERATION POLICY Royal London AGM 2014 11 June 2014 12

SUM SUMMAR MARY Y OF OF POLICY POLICY CHANG CHANGES ES Use shadow Ensure all risk-adjusted elements have a profit measures weighting of at to broaden the risk least 10%. data points. Simplify the Long Combine two Increase the Term Incentive profit deferral in the Scheme, EEV unit measures used in Short-term holding the scheme. Incentive Plan. requirements and number of measures. Royal London AGM 2014 13

GROUP PEOPLE ACCREDITATION Royal London AGM 2014 11 June 2014 14

WOME OMEN N IN IN FIN FINANCE ANCE CHAR CHARTER TER Royal London AGM 2014 11 June 2014 15

LIVING LIVING WA WAGE GE EMP EMPLOYER YER Royal London AGM 2014 11 June 2014 16

THANK YOU Royal London AGM 2014 11 June 2014 17