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.