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/UCITS V Remuneration Policy Statement

In accordance with the FCA Rules, the ACD is required to establish and apply a remuneration policy for certain categories of staff whose activities have a material impact on the risk profile of the ACD or the UCITS that it manages (“Code Staff”).

The Alliance Trust Investments Remuneration Committee (the “Remuneration Committee”) has adopted the remuneration policy on behalf of the ACD (the “Remuneration Policy”).

Remuneration for all Code Staff is approved by the Remuneration Committee.

The Remuneration Policy document is reviewed annually.

The Remuneration Policy:
  • Is consistent with and promotes sound and effective risk management;

 

  • Does not encourage risk taking that exceeds the level of tolerated risk of the relevant UCITS managed by the ACD;

 

  • Encourages behaviour that delivers results which are aligned to the interests of the UCITS managed by the ACD;

 

  • Aligns the interests of Code Staff with the long-term interests of the ACD, the funds it manages and its investors;

 

  • Recognises that remuneration should be competitive and reflect both financial and personal performance. Accordingly, remuneration for Code Staff is made up of fixed pay (salary and benefits, including pension) and variable (performance-related) pay;

 

  • Recognises that fixed and variable components should be appropriately balanced and that the variable component should be flexible enough so that in some circumstances no variable component may be paid at all. 

Remuneration Policy

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