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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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  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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