Santander’s UK boss will have his pension allowance slashed by £436,000 over the next two years, as the lender becomes the latest bank to bow to pressure from investors over bumper retirement benefits. Chief executive Nathan Bostock’s pay in lieu of pension is currently worth 35% of his £1.7m base salary, far above the 9% offered to the rest of staff. But the Spanish lender will cut Bostock’s lump sum to about 22% of salary next year before bringing it in line with the staff allowance in 2021. This will bring his pay in lieu of pension down to £218,000, based on his 2018 salary levels. Santander UK is not expected to increase other parts of Bostock’s pay package to offset the loss. He was paid a total of £4.6m in 2018. The £436,000 reduction is expected to be the largest retirement benefit cut among the UK’s five largest banks. The Investment Association has been urging companies to bring executive pension pay below 25% of salary, … [Read more...] about Santander UK chief’s pension slashed by £436,000 over two years
The attack on London Bridge shows the Islamist threat remains strong in the UK, counter-terrorism and counter-extremism experts have said, warning against complacency. The murder of Jack Merritt and Saskia Jones on 29 November by Usman Khan was the first fatal Islamist terror incident in two years. The conversation around extremism and counter-terrorism has been focused on the threat from the far right in the last year following attacks including the Christchurch mosque shootings in New Zealand, the El Paso Walmart shooting in the US and the synagogue killings in Halle, Germany. But while UK authorities have warned the far right is the fastest growing threat, Islamist extremism remains the dominant form. On Monday night, a man was arrested in the Bristol suburb of Clifton on suspicion of Islamist-related terrorism offences. The 33-year-old was held on suspicion of the commission, preparation or instigation of acts of terrorism, Avon and Somerset police said. They added it was not … [Read more...] about Islamist extremism remains dominant UK terror threat, say experts
Booing season seems to come round quicker each year. The hazy days of summer (the haze being that which descends on the brains of supporters and convinces them of future success) have given way to the long nights of winter and a soundtrack of howling and hollering. Most Premier League teams have walked off the pitch to jeers at some point, but the match between West Ham and Arsenal on Monday was a special example of the form. At half-time, with West Ham 1-0 up and Arsenal winless in the league since the beginning of October, travelling Gunners fans gave their team what for. At full-time, with Arsenal having effected a three-goal turnaround and West Ham a point off the relegation zone, it was the home supporters hollering and howling. What do people hope to achieve when they boo their own team? It’s a question that gets to the heart of the modern supporter’s malaise, the ails that afflict those who pay money to watch their team. The answer has something to do with … [Read more...] about New jeer greetings: how useful is it to boo your own team?
Political ads are "disappearing" from Facebook's advertising monitoring system, leaving stunned researchers fearing a "catastrophic" loss of transparency and accountability.Ads from the Conservatives, Brexit Party and Liberal Democrats, as well as local parties and candidates, no longer appear in Facebook's Ad Library, the tool set up by the tech firm to display political ads.A search on the Ad Library for "Boris Johnson" now claims the Prime Minister's page has spent £181 since November 8. In fact, it has spent over £90,000.It is not known how many ads have vanished, but researchers believe it could be "tens of thousands, perhaps hundreds of thousands".As a result, it is no longer possible to find ads that have previously been reported, or perform accurate large-scale analysis using the data provided by Facebook about each ad. Advertisement "This is catastrophic," said Tristan Hotham, a researcher with ad transparency non-profit WhoTargetsMe."Almost all the ads … [Read more...] about Researchers fear ‘catastrophe’ as political ads ‘disappear’ from Facebook library
SWEDISH rocker Marie Fredriksson has died aged 61. The singer - who got four US number ones as part of chart-topping 80s pop duo Roxette - passed away after a long illness this week. Her family said in a statement: "It is with great sadness that we have to announce that one of our biggest and most beloved artists is gone. "Marie Fredriksson died on the morning of December 9 in the suites of her previous illness." She previously battled a brain tumour in 2002 - after doctors gave her just a 20 per cent chance of survival. The punishing cancer treatment left her with severe radiation damage - and her 2004 solo album The Change was dedicated to her experiences in hospital.MOST READ IN NEWSLive BlogCRUNCH TIME Boris Johnson warns of 'clear and present danger' of Corbyn in No10 HERMES MELTDOWN Hermes blasted by customers left waiting weeks for Christmas parcels MURDER PROBE Man held for murder of boy, 12, after school hit-and-run found asleep in car YOU'RE FIRED CORBYN Lord Sugar urges … [Read more...] about Marie Fredriksson dead – Roxette singer passes away at 61 after long battle with illness