Virgin Money UK plc controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Executive pay controversy amid losses and PPI charges
A remuneration vote attracted opposition from roughly one-third of shareholders after chief executive David Duffy's reported pay rose substantially while the group recorded another annual loss and a large charge connected with mis-sold payment protection insurance. The group reported a £385 million charge related to mis-sold payment protection insurance while shareholders criticised the chief executive's remuneration package. The matter was a governance and conduct controversy rather than a separately identified criminal scandal.