Legal & General gives top executives a pay rise

1st Jul 2013 08:06

Legal & General (L&G) confirmed on Monday three of its top executives would receive a pay rise as they take on new responsibilities.The company's newly appointed Chief Financial Officer, Mark Gregory, will enjoy a greater base salary than before as the former Chief Executive of the firm's Savings business.Chief Executive Officer (CEO) of LGIM, Mark Zinkula, and CEO of L&G's Assurance Society, John Pollock, will also see their salaries jump. The base pay for each of the executive directors will increase from £461,250 to £560,000 to reflect their increased responsibilities with effect from Monday.Pollock will take on the responsibility of the Savings business division. The CEO of the group's Assurance Society will lead an integrated protection and savings business of over 7.0m customers, 6,000 employees and assets under administration £100bn. Zinkula will assume responsibility for the unit trust business of Legal & General Investments, which will become part of LGIM. RD