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Daily Insurance Industry News
Monday 15th of October 2018
May 16, 2011

ABI sees amber over Standard Life directors’ pay

by Gill Montia

Story link: ABI sees amber over Standard Life directors’ pay

ABI sees amber over Standard Life directors’ pay

The Association of British Insurers (ABI) has issued an “amber top” warning regarding directors’ pay at Standard Life, the Mail on Sunday reports.

An amber top indicates that considered judgment is required by shareholders in voting.

According to the newspaper, the life and pensions provider has made a number of changes to its remuneration schemes in recent times, and the alert is being raised over best practice.

Last month, the group reported substantial growth in its long-term savings business, with new business sales up 25% (to £5.8 billion) in the first quarter of 2011, compared with a year earlier.

UK corporate pension net inflows rose 85% during the period, to £559 million, and UK Individual SIPP net inflows were maintained at £553 million, with customer numbers up 6%.

 

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