Standard Life's Keith Skeoch is highest paid member of staff
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Standard Life Investments chief executive Keith Skeoch earned almost £1m more than current group chief executive David Nish last year.
Standard Life’s annual report, published today, reveals Skeoch received a total of £2.1m in 2009 compared to £1.34m the previous year.
Meanwhile, chief executive of the Standard Life group David Nish took home a total of £1.19m last year, compared with £885,000 in 2008, although he was group finance director at the time.
Skeoch’s pay also overshadowed former group chief executive Sir Sandy Crombie who in 2009 earned a total of £1.76m compared to £1.38m in 2008.
Crombie earned £772,000 in base salary, pension benefits worth £193,000, taxable benefits of £24,000 and an annual bonus of £775,000.
Nish earned a base salary of £521,000, pension benefits of £130,000, taxable benefits of £17,000 and a £522,000 annual bonus.
Meanwhile, Skeoch took home a base salary of £350,000, pension benefits of £88,000, taxable benefits of £13,000 and a significant bonus worth £1.65m.
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Readers' comments (4)
Anonymous | 1 Apr 2010 1:54 pm
Terrible - and such poor service.
That's why I never use them - they will have to shape up when a raft of new platforms appear in the near future.
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Wilfie Smith | 1 Apr 2010 1:57 pm
Yeah, and he's got my trail commission that he won't hand over until it reaches £400 the cad. Just another one on the gravy train.
Come the glorious day.
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Steve Lyth | 1 Apr 2010 1:59 pm
If Skeoch is bringing that level of business value into SLAC then he is worth the money.....if he isnt....... well come the revolution he will surely not be forgotten
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Anonymous | 1 Apr 2010 2:18 pm
We now understand whey they were all so keen to demutualise. Employees nil, clients nil and fat cats plenty!
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