Top of the Agenda - Compensation

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 <<<

IDC study: Director pay up more than 5% in 2022

By Hillary Jackson

Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of 5.7% and average of 5.5%—returned to levels seen before 2021 when uncertainty in the markets and continuing COVID-related issues may have caused boards ... >> CONTINUE READING <<<

MPI: Fund CCO pay down in 2022, in line with markets

By Hillary Jackson

Mutual fund chief compliance officer compensation was slightly down in 2022 after years of annual increases, with average pay returning to 2020 levels, according to new figures from Management Practice Inc. The drop last year is most likely attributable to market performance, MPI Partner Jay Keeshan told Fund Board Views.

MPI ... >> CONTINUE READING <<<

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 <<<