£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.
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
- 3 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Paralysed man Darek Fidyka walks again after treatment by British doctors on brink of 'cure'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
iJobs Money & Business
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...
£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...
£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...
£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...