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Why is #car #insurance going up?Aviva chief handed £4.3m pay package in 2016 perhaps to pay for the #CEO? all about the #profit

By 29th March 2017 June 21st, 2019 No Comments
Aviva’s chief executive Mark Wilson took home a pay packet worth £4.3 million in 2016, down from £5.4 million in 2015.
According to the insurer’s latest results, Wilson (pictured) received a salary of £1 million for 2016. As well as this, he took home an annual bonus of £1.8 million, a long term incentive plan of £1.1 million and £281,000 in pension benefits, meaning Wilson’s total pay was £4.3 million for 2016.
This however was down from the previous year when he took home £5.4 million. The fall was due to a lower value of long term incentive awards vesting over the year. 
Tom Stoddard, Aviva’s chief financial officer, received a pay package worth £2.5 million in 2016. This was slightly down from the previous year when it was at £2.9 million.
Aviva’s UK chief executive, Andy Briggs, who was given a wider role earlier this year, took home £1.9 million in 2016, up from £1.3 million in 2015.
Last month Aviva announced the firm’s head of retirement Clive Bolton will leave the company at the end of March and be replaced by Lindsey Rix.
Earlier this month Aviva’s announced its latest annual results which saw its UK life operating profit up 7% at £1.6 billion in 2016.
Overall Aviva posted an operating profit of £3 billion in 2016, compared to £2.7 billion the previous year.
Tim Kelly

Tim Kelly

Tim is a highly qualified Independent Engineer with over 20 years experience as an Engineering Assessor of damaged vehicles.

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