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SLI’s Skeoch pay is twice as much as group chief exec Nish

Skeoch: £2.1m package in 2009
Skeoch: £2.1m package in 2009

Standard Life Investments chief executive Keith Skeoch earned almost £1m more than group chief executive David Nish in 2009.

The company’s annual report published last week reveals Skeoch received a total of £2.1m in 2009 compared with £1.34m the previous year.

Group chief executive David Nish was paid a total of £1.19m last year compared with £885,000 in 2008 when he was group finance director.

Skeoch’s pay also overshadowed former group chief executive Sir Sandy Crombie who in 2009 earned a total of £1.76m compared with £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.

Skeoch had a base salary of £350,000, pension benefits of £88,000, taxable benefits of £13,000 and a bonus worth £1.65m in 2009.

A spokesman says: “Keith’s remuneration package is aligned to the investment management sector while Nish’s reflects his role as group finance director. SLI saw a 67 per cent increase in third-party net inflows driving assets under management to a record £56.9bn.”

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