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Standard Life reduces executive remuneration

Standard Life has reduced the remuneration package for its executive directors.

In its director remuneration report, Standard Life has reduced chief executive Sir Sandy Crombie’s remuneration package from £1.64m in 2007 to £1.39m for 2008, down 16 per cent.

Chief finance officer David Nish has seen his remuneration cut from £945,000 in 2007 to £885,000 in 2008, representing a 6.3. per cent reduction.

Experiencing the biggest cut is chief executive of Standard Life Investments Keith Skeoch, who saw is remuneration package plummet 23 per cent from £1.75m in 2007 to £1.34m last year.

Annual salaries for both Crombie and Nish have increased £15,000 and £20,000, while Skeoch’s annual base salary remains at £350,000.


Whole lotta shaking

Last week, I was dragged on to the radio again, this time BBC Scotland wanting comment on the Dunfermline.

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