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Standard Life announces 2011 director pay

Standard Life has announced an increase in overall pay for its three most senior directors after the group recorded a 28 per cent increase in pre-tax operating profit, from £425m to £544m, during 2011.

Group chief executive David Nish (pictured) will be paid over £2m in total for 2011, a moderate increase on his £1.97m remuneration package for 2010. This year’s figure includes an annual bonus of just over £1m.

Standard Life Investments chief executive Keith Skeoch will also be paid over £2m for 2011, compared with £1.87m in the previous year. Skeoch’s bonus accounts for £1.46m of his pay for last year.

Chief financial officer Jackie Hunt, who was appointed to the post in May 2011, will receive £1.22m for the year, including a bonus worth £593,000. She was paid a total of £766,000 in 2010.



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There is one comment at the moment, we would love to hear your opinion too.

  1. Seems that as the directors pay and bonuses go up the annual bonuses on my endowment policy (and therefore the amount of difference I need to find to repay my mortgage) goes down! Even Standard Life’s voluntary ‘top up’ guarantee reduces by the year and may be worthless in a few years time. What then – even bigger bonuses for these chumps?

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