Is It One Standard for Them, Another for Us?Executive's Pounds- 2.75m Pension Rise Stirs Fury Among Policy Holders Background
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Summary
IT is a case of Double Standards meets the Good Life. The star of the show is Sandy Crombie, Standard Life chief executive who, after making a pounds-524,000 bonus "sacrifice" in January, has just received a pounds-2.75m increase in the value of his pension fund to pounds-6.7m.
His eventual pension from the group's final salary scheme is now worth pounds-388,000 a year, a rise of pounds-127,000 or 49-per cent.See the full content of this document
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Is It One Standard for Them, Another for Us?Executive's Pounds- 2.75m Pension Rise Stirs Fury Among Policy Holders Background
It is not the first time he has ignored the sensibilities of members whose policy bonuses have been cut for three years.
With policies in freefall and 900 workers facing the sack in Edinburgh last year, Mr Crombie bought a new Porsche in look-at-me red. The c...See the full content of this document
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