The post you are reporting:
The richest pensioner on the FTSE 100: Former boss of BG Group, Sir Frank Chapman, has pot
worth more £22m
Sir Frank Chapman, the former boss of oil and gas company BG Group, is revealed as the richest
pensioner in the FTSE 100 with a pot worth more than £22m when he stepped down.
The transfer value of Sir Frank's pension holdings is the highest uncovered by this year's TUC
Pension Watch survey, which shows that the average pot of FTSE 100 bosses has surged to £4.75m.
Based on figures culled from annual reports, it found the average accrued annual pension stands at
£259,947 - 25 times the average employee's of £10,452 a year.
The report says David Brennan, who last year quit AstraZeneca amid investor anger over the group's
performance, will enjoy much more with an annual £1m retirement income from his pension
arrangements. A further four directors - including Sir Frank - are to receive more than £800,000 a year.
Full story Independent.