£2.5m pay deal for head of Standard Life
Tuesday 03 April 2012
The head of Standard Life received total salary, bonuses and share awards of about £2.5m last year, an increase of 30 per cent, even though the group's shares fell last year.
The insurer's chief executive David Nish got just over £2m in pay and bonuses, and also received 235,000 Standard Life shares worth about £530,000 at current prices under a long-term management incentive scheme.
The incentive programme, which sets awards based on performance over a three-year period, did not pay out in 2010, when Mr Nish's salary and bonus package rose 66 per cent compared with the previous year to £1.97m.
Shares in Standard Life, Britain's fifth-biggest insurer, which last month reported a forecast-beating 28 per cent rise in its 2011 profit, fell 4.6 per cent last year.
Many European insurers reported flat or lower profit for 2011, hit by writedowns on distressed euro zone government bonds and a surge in claims triggered by a spate of natural disasters.
Easter egg hunt horror as mother finds dead body under deck of house
Missing Malaysia Airlines Flight MH370: Wreckage could be found within a week as search reaches 'very critical juncture', says minister
Unbeliebable: The White House offer 'no comment' to anti-Justin Bieber petition
Loch Ness Monster found on Apple Maps?
Royal Tour 2014: Is the Duchess of Cambridge the only person ever to climb into a fighter jet wearing a dress and high heels?
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 1 Easter egg hunt horror as mother finds dead body under deck of house
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Unbeliebable: The White House offer 'no comment' to anti-Justin Bieber petition
- 4 Loch Ness Monster found on Apple Maps?
- 5 How We Met: Alison Moyet & Emma Kennedy: 'I knew we'd be friends because she was happy to make a prat of herself'
iJobs Money & Business
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£221.25 per week: QA Apprenticeships: This company is a well established Inter...
£40000 - £50000 per annum: Harrington Starr: Client Relationship Manager - SQL...
£35000 - £50000 per annum: Pro-Recruitment Group: Take your chance to join the...