Top of the Agenda - Compensation

MPI survey: Pay up in 2022, gender diversity improving

By Hillary Jackson

Independent mutual fund directors, on average, took home more pay in 2022 than they did the year prior, according to new figures from Management Practice Inc. After years of pared-back or non-existent raises during the COVID-19 pandemic, last year's 6.4% increase may reflect efforts to catch up and realign compensation ... >> CONTINUE READING <<<

IDC: Directors see modest pay increase in 2021

By Hillary Jackson

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board Views. Total compensation for the 1,292 board members including in the Independent Directors Council 2022 Directors Practices Study rose at a median rate ... >> CONTINUE READING <<<

MPI survey: Fund CCO pay ticks up in 2021

By Hillary Jackson

Mutual fund chief compliance officers again saw an increase in pay in 2021, experiencing a bigger jump last year than in the year before, when the COVID-19 pandemic disrupted the way the fund industry worked and caused some initial volatility in the financial markets, according to new data from Management ... >> CONTINUE READING <<<

MPI: Board pay up slightly, setting rates more complex

By Hillary Jackson

Average compensation for independent mutual fund directors ticked up in 2021, though "movement" in the industry is proving that numerous factors should be considered when setting and reviewing pay rates, according to Jay Keeshan, a partner at Management Practice Inc. In the past several years, sizable jumps in assets under ... >> CONTINUE READING <<<

Fund director pay increases in pandemic year: IDC

By Hillary Jackson

Independent mutual fund directors, on average, earned more in 2020, a year in which they were grounded by a global pandemic and forced to adapt to conducting business virtually. According to exclusive new data from Independent Directors Council, everyone in the market took advantage of the Securities and Exchange Commission's ... >> CONTINUE READING <<<

Fund CCO pay continues to creep up, despite pandemic

By Hillary Jackson

Compensation for mutual fund chief compliance officers continued trending upward in 2020, with the average total pay across the industry 5.5% higher than 2019's levels, according to new data that will be released today by Management Practice Inc. For those CCOs who were tracked in both 2019 and 2020, the ... >> CONTINUE READING <<<