Top of the Agenda - Compensation

IDC: Fund director pay climbs again in 2024

By Hillary Jackson

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according to industry data obtained by Fund Board Views. Overall, median and average pay levels were up 4.7% and 3.2%, respectively, last year, while increases ... >> CONTINUE READING <<<

MPI: Fund CCO pay rises with industry, markets

By Hillary Jackson

Mutual fund chief compliance officers earned over 9% more in 2024 when compared to the year prior, largely due to profit sharing tied to better performing markets, according to new data from Management Practice Inc. "As goes the industry, so goes their compensation," Jay Keeshan, a partner at MPI, said ... >> CONTINUE READING <<<

Fund directors earned more in 2024, MPI survey finds

By Hillary Jackson

Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their counterparts on corporate boards experienced, according to new figures from Management Practice Inc. The latest Survey of Mutual Fund Director/Trustee Compensation and Governance Practices ... >> CONTINUE READING <<<

IDC: Fund directors see smaller pay increase in 2023

By Hillary Jackson

Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained by Fund Board Views. Across a group of nearly 1,300 independent directors surveyed by Independent Directors Council, the median year-on-year increase last year was ... >> CONTINUE READING <<<

Fund CCO pay 'back on track' in 2023, says MPI

By Hillary Jackson

Mutual fund chief compliance officers, on average, earned about 8% more in 2023 when compared to the year prior, according to new data from MPI. The level of year-over-year change was "back on track" last year as markets rose and competition for individuals to serve in the role remained hot, ... >> CONTINUE READING <<<

Fund board pay increases in 2023, MPI survey says

By Hillary Jackson

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely from board to board, according to new data from Management Practice Inc. The latest Survey of Mutual Fund Director/Trustee Compensation and Governance Practices from ... >> CONTINUE READING <<<