£2.5m pay deal for head of Standard Life
Related articles
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.
-
Woolwich terror attack: Suspect Michael Adebowale saw friend 'literally sliced to pieces' in 2008
-
Emergency landing at Heathrow sparks further controversy over London airport capacity
-
Unrest may spread across Europe, warns Red Cross chief
-
BNP and EDL accused of attempt to fuel racial hatred after Woolwich terror attack
-
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Johnny Marr talks relationships and reunions
In pictures: After the flood
Death becomes her: A very modern mortician
School of chop: Learning the art of butchery
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?


Comments