TRACEY GRAHAM CHAIRMAN OF THE REMUNERATION COMMITTEE 30 KEY - - PowerPoint PPT Presentation

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Sep 27, 2022 127 likes •188 views

TRACEY GRAHAM CHAIRMAN OF THE REMUNERATION COMMITTEE 30 KEY PRINCIPLES OF OUR REMUNERATION POLICY Align with the interests of our members and other customers Align with delivering Group strategy and good governance Align with relevant market

SLIDE 1

TRACEY GRAHAM

CHAIRMAN OF THE REMUNERATION COMMITTEE

SLIDE 2

KEY PRINCIPLES OF OUR REMUNERATION POLICY

Align with the interests of our members and other customers Align with delivering Group strategy and good governance Align with relevant market practice

SLIDE 3

EXAMPLE REMUNERATION COMPARISON GRAPH THESE FIGURES ARE TAKEN FROM THE REPORT AND ACCOUNTS FOR EACH OF THE 11 COMPANIES AND WHERE NO 2014 DATA IS AVAILABLE WE HAVE USED 2013 DATA

1000 2000 3000 4000 5000 6000 7000 8000 Prudential Aviva Old Mutual Legal & General Standard Life BUPA Royal London LV St James's Place NFU Mutual Chesnara Value £000’s Life Insurer Base Salary Salary plus fair value of short term incentives Salary plus fair value of short term incentives and fair value of long term incenitves Salary plus maximum value of short term incentives and maximum value of long term incentives

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WHAT OUR EXECUTIVE DIRECTORS RECEIVED IN 2014

Salary (£000) Pension (£000) Benefits (£000) STIP (£000) Total 2014 Performance Pay (£000) LTIS (£000) Total 2014 Remuneration (£000) Total 2013 Performance Pay (£000) Total 2013 Remuneration (£000)

Andy Carter

354 144 15 389 902 747 1,649 986 1,235

Jon Macdonald

292 44 15 312 663 218 881 671 756

Phil Loney

634 156 75 904 1,769 1,090 2,859 1,738 2,614

Tim Harris

255 51 9 325 640

SLIDE 5

LOOKING AHEAD

Your Committee will continue

to work ensuring compliance with best practice remuneration guidance

Committee will continue to

monitor significant mandatory pay and reward regulations the European Banking Commission are consulting