View more on these topics

Standard Life chief takes £700k bonus cut

Skeoch Keith Standard Life Investments

Standard Life’s recently appointed chief executive Keith Skeoch has opted to take a cut to this bonus ahead of the company’s AGM next week, which will see his bonus potential cut by a fifth.

In a statement, Standard Life confirmed Skeoch “voluntarily decided not to accept the maximum opportunity awarded to him in 2016” under the company’s long-term incentive plan.

Skeoch, who took over from David Nish in August, will take a bonus package worth 400 per cent of his basic salary, rather than the existing 500 per cent bonus proposed by the board.

Skeoch’s salary for last year was £574,000 plus taxable benefits of £36,000, according to the company’s annual report.

However, in his first full financial year as chief executive Skeoch will receive a base salary of £700,000, Standard Life confirms.

In 2014, when he was chief executive of the group’s asset management business Standard Life Investments, Skeoch received total pay of £5.88m. That same year Nish received a total package of £6m making him the highest paid salaried executive in Scotland.

Standard Life Investments has voted against remuneration packages at Barclays, BP and advertising firm WPP.



What does Standard Life’s Elevate deal mean for advisers?

Standard Life is to consult with Elevate users before deciding whether to merge the services with its own platform, according to head of adviser and wealth manager propositions David Tiller. Speaking to Money Marketing in the aftermath of a deal to acquire Axa Wealth’s Elevate, Tiller says while the firm will seek to gain from […]


Standard Life acquires Elevate

Standard Life has completed a deal to acquire Axa Elevate for an undisclosed sum. The deal will almost double Standard Life’s customer base, bringing over 160,000 to the business, and raising total customers to 350,000. The combined business will also hold assets under administration of £36.4bn, 350,000 customers and net asset inflows of £5.7bn in […]

View from Standard Life: Defining advice – advice vs. activity and execution

Well, the advice gap is now officially acknowledged, but, is FAMR correct that technology is the answer? Of course it is. The advance of technology is inevitable and automation brings efficiencies. Denying this is akin to trying to push water uphill – ultimately futile. The term ‘robo-advice’ is highly misleading as it implies human advisers […]

Globe - thumbnail

Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm