AIB ‘move on incentive pay plan’

AIB has approached the Government about setting up an incentive plan to retain top executives before the Government starts selling the lender, according to three people with knowledge of the matter.

Chairman David Hodgkinson has led exploratory talks with Department of Finance officials on reintroducing long-term awards for senior staff at the bank when it returns to profit, according to one of the people, who asked not to be identified, as the matter is private.

Salaries were capped and bonuses banned at the lender after its rescue.