Standard Life in pay deal row

By Daily Mail Reporter
Updated:

 

Standard Life has come under fire over the 'excessive' pay deals recently awarded to senior management.

Pressure group PIRC urged investors to vote against the investment giant's remuneration report after handing one executive bonuses potentially worth more than seven times his basic salary.

Pirc said: 'We consider that the combined bonuses and share incentive awards made during (2010) were excessive.'

Standard Life said changes to the pay policies had followed 'extensive' talks with shareholders and that bonus targets were 'very stretching'.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Most watched Money videos

{"status":"error","code":"499","payload":"Asset id not found: readcomments comments with assetId=1722195, assetTypeId=1"}