Mirror five get own pensions

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The Independent Online
FIVE directors of Mirror Group Newspapers have their own pension scheme, separate from other members of staff. At last Friday's annual meeting, MGN shareholders criticised David Montgomery, the chief executive, when they learnt of his separate arrangements. But four other directors also participate in the same exclusive arrangement.

They are: John Allwood, finance director, Murdoch MacLennan, group operations director, Paul Vickers, company secretary, and Terry Connor, development manager.

MGN is paying pounds 56,000 a year towards Mr Montgomery's pension, 25 per cent of his salary. The company is also paying 25 per cent of Mr Allwood's and Mr MacLennan's salaries into their pensions.