Most bosses will tell you that their role comes with a host of extra responsibilities, stress and strain – but when your remuneration looks like some of the top names at Aviva, perhaps it’s all worthwhile.
Take for example UK insurance chief executive Andy Briggs. It has today been revealed that he will enjoy an extra £1.022 million in bonuses further to his £726,000 basic salary for 2017. Overall, he’s picking up a £2.515 million remuneration package that takes into account pension contributions and benefits.
The details were revealed as part of Aviva’s remuneration committee report, published today, which comes on the back of the resolution of its preference shares issue. According to a report at Money Marketing, the remuneration represents 93% of the maximum Briggs could have received.
How then does that compare to group CEO Mark Wilson?
The boss of the major insurer enjoyed a £4.334 million pay packet overall for 2017 – including a basic salary of £1.028 million and an annual bonus of £1.945 million. His annual salary increased by 2.5% last year and he also picked up £966,000 in long-term incentive scheme shares, plus a further £395,000 for pensions and benefits.
Maurice Tulloch, the firm’s CEO of international insurance, meanwhile, picked up a basic salary of £373,000 with an annual bonus of £456,000. His total remuneration for the year came in at £1.042 million. Finally, among the top executives, Tom Stoddard, chief financial officer, enjoyed a basic salary of £708,000 with a £997,000 bonus – his total remuneration for the year stood at £2.488 million.
