Schroders group CEO Peter Harrison and executive directors have agreed to donate a quarter of their annual salary and 2020 long-term incentive plan awards for three months to charities working to combat the Covid-19 crisis.

At the same time, the firm’s chairman and non-executive directors will donate 25% of their fees for three months for Covid-19 related causes.

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The fund manager also introduced a scheme to enable its staff to voluntarily donate up to 25% of three months’ salary.

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