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Pru UK chief Jackie Hunt handed £4m bonus package

Newly appointed Prudential UK and Europe chief executive Jackie Hunt has been handed up to £4m in shares to compensate for bonuses forfeited when she quit Standard Life.

Hunt’s decision to leave Standard, where she was chief financial officer, resulted in her giving up a series of bonuses from her former employer.

Prudential has now set out how it will compensate her for the loss of these incentives.

The insurer has agreed to give Hunt 36,337 shares at a market price of £11.686 which will be released to her in March 2014 and March 2015.

The firm has also made conditional share awards under the Prudential long term incentive plan.

These awards were calculated at a price of £11.10 per share and consist of 106,805 shares to be released by 31 March 2014, and 95,585 shares to be released by 29 March 2015. 

The vesting of these awards is subject to achievement of a performance criteria related to total shareholder return.

In respect of the 2013 financial year, Hunt has been given a conditional share award under the group performance share plan of 118,040 shares valued at £11.9133 per share.

This award will vest in October 2016 subject to achievement of a performance criteria related to IFRS operating profit and total shareholder return.



Ex-Pru chief Devey joins Octopus board

Former Prudential chief executive Rob Devey has been appointed as a non-executive director of Octopus Investments. Devey announced he was leaving Pru in April and will officially leave the insurer at the end of this month. Prior to joining the Pru in 2009, Devey worked at Lloyds Banking Group and has also been a consultant […]


CCL stance is an outrage

The FCA’s stance on Consumer Credit Licensing is an outrage. I run a small but growing practice in Suffolk.  In May 2012, when I took on a mortgage adviser, I applied to the OFT for a consumer credit licence for which I paid £435.  On the licence it clearly states that it lasts indefinitely. I […]


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