In a bid to curb excessive bankers' pay packets, a law requiring the disclosure of salary could be tightened under new government plansCity minister Lord Myners yesterday added to proposals set out by Sir David Walker last year, which stated salaries of more than £1 million should be declared to the public.However, the city minister is now recommending that this figure should be cut by half.Under his suggestions, any annual income in excess of £500,000 is to be made publicly aware in a bid to give "shareholders much more power and information to shape remuneration policies at banks".While individual staff would not be named, the proposals would permit the UK public, shareholders and consumers to know which banks were administering bumper payouts.This would include gaining information on the taxpayer-funded financial institutions including 84 per cent-owned Royal Bank of Scotland (RBS) and 41 per cent-owned Lloyds Banking Group (LBG).If you would like to get your payment protection insurance back - PPI Claim from RBS or LBG then fill out the Quick Claim form or call Belmont Thornton on 0845 526 0000 for PPI claim advice.
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