Virgin Money faces investor backlash over CEO David Duffy’s £2.6m pay deal

Investment adviser raises accountability' concerns regarding reward 37 times higher than average employee's

Virgin Money bosses could be at risk of an embarrassing investor backlash, after an influential adviser hit out at a 2.6m package for its chief executive, David Duffy, saying it was not appropriate" compared with the bank's average employee.

Pensions and Investment Research Consultants (Pirc), which advises shareholders including UK local authority pension funds, also raised concerns over what it said was a lack of board-level accountability for sustainability issues" at Britain's sixth largest lender.