Standard Life chief executive Keith Skeoch was paid £2.7m during 2016, according to the company’s results.
This was a decrease of around £700,000 on the year before, when he had been paid £3.4m.
Mr Skeoch’s annual bonus was cut last year, from £1.4m to £988,000 while his base salary was £700,000, Standard Life's results from February showed.
Paul Matthews, the company’s outgoing head of pensions and savings, saw his remuneration increase from £290,000 to £1.6m.
Standard Life stated Mr Matthews, who is retiring in August, had been appointed as a director in November 2015.
His base salary increased from £107,000 to £630,000 while his annual bonus increased from £139,000 to £747,000.
Luke Savage, Standard Life’s chief financial officer, had a total remuneration package of £1.7m in 2016 – broadly similar to his £1.5m package the year before.
Meanwhile Colin Clark, the company’s global client group director, saw his remuneration increase from £346,000 to £1.9m.
Standard Life stated Mr Clark had also been appointed as a director at the same time as Mr Matthews.
damian.fantato@ft.com
