View more on these topics

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.

Recommended

Whole lotta shaking

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

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com