Bass chief to get pounds 400,000 pension

SIR IAIN PROSSER, chief executive of Bass, will be entitled to a pension of pounds 400,000 a year in three years' time. Sir Iain, who is 55, will be entitled to a full pension from the age of 58 even though the normal pension age at the brewing and hotel giant is 60.

The figures were disclosed in Bass's annual report, which also revealed that Sir Iain has been awarded 107,000 Bass shares worth pounds 717,000 as part of the company's long-term incentive plan. In the year to September, Sir Iain received a salary of pounds 914,000, an 11 per cent increase over the previous year.