View more on these topics

Aviva’s Briggs to pocket £1m bonus for 2017

Briggs-Andy-2012-Resolution-700x450.jpgAviva Insurance chief executive Andy Briggs will take home an extra £1m in bonuses on top of a basic salary of £726,000 for 2017.

The bonus is one part of Briggs’s £2.5m remuneration package, which also includes  benefits and pensions contributions.

Commenting on Briggs’s work in its remuneration committee report, published today, Aviva says there was a strong financial performance across all products.

In addition, Aviva pointed to strong “balance sheet management” and an increase in bulk purchase annuity sales.

FCA chief to pocket £65,000 bonus for first year’s work

The bonus represents 93 per cent of the maximum Briggs could have received, and is 140 per cent of the base salary.

Aviva group chief executive Mark Wilson is taking home a bonus of £1.9m, while chief financial officer Tom Stoddard and international insurance chief executive Maurice Tulloch receive bonuses of £997,000 and £456,000 respectively.

Recommended

1

Aviva scraps plans to cancel preference shares

Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]

Business-Corporate-Board-Room-Meeting-Hire-Hiring-700x450.jpg

Aviva boss joins BlackRock board

Aviva chief executive Mark Wilson has joined BlackRock’s board, alongside two other new independent directors. BlackRock chief executive Laurence Fink says Wilson’s experience in UK and European financial services will be a “tremendous benefit to BlackRock’s management, clients and shareholders”. General Atlantic chief executive Bill Ford and Microsoft vice president Peggy Johnson also join the […]

Pharma-Pills-Pharmaceutical-Biotech.jpg

Seneca Partners sends Mifid II 10% drop note on EIS product

Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. Fantastic bonus for being cr@p. Jobs for the boys!

  2. Andrew Macintyre 27th March 2018 at 11:57 am

    Pat on the back for a cracking job well done on the re-platforming. Er…..

  3. Less £450,000 income tax. Ouch!

  4. I am glad to hear someone is doing a good job at Aviva. Maybe he can lend a hand on the phone lines answering adviser queries.
    Their service – pretty much across all departments in our experience – is appalling!

  5. Cut and pasted from a Rathbones blog – NOT written about Aviva, but it could have been…

    “Many businesses are forgetting a cardinal rule: a business has more stakeholders than the staff and shareholders. It’s called the customer, a key asset. In retail, distribution, financial services and others automation is being adopted to cut costs (usually humans) to improve margins and create efficiencies for the company. Not enough consideration is made of the customer experience.

    When assessing new investments (or those we already hold) we try to understand the customer experience and how it’s trending. Only when you do this can you analyse the competitive landscape and potential threats. It doesn’t matter whether a firm is selling to government, other businesses or direct to the consumer. Treat the customer badly and short-term margin gains are quickly lost as revenues take a nosedive.”

Leave a comment