Aviva chief’s pay packet falls by 20%...to £4.3m

Aviva group chief executive Mark WIlson. Picture: Aviva

Aviva group chief executive Mark WIlson. Picture: Aviva - Credit: Aviva

Aviva chief executive Mark Wilson took a £1.1m pay cut in 2016 – but he still went home with £4.3m.

Of that, £1.84m was annual bonus and £1.13m was part of his long term incentive plan.

Chief financial officer Tom Stoddard saw is pay fall to £2.5m from £2.9m while Aviva UK and Ireland chief executive Andy Briggs took home a pay packet of £1.9m, up from £1.3m.

The average employee wage of the group is £38,029.

The details were revealed in Aviva's annual report which followed its results earlier in the month.

The Norwich-based insurance giant reported a rise in operating profits to £3.01bn and excess capital of £1.8bn when it announced its full year results on March 9. The EDP/EADT Top100 firm had pre-tax profits of £1.83bn from revenues of £55.29bn.

When announcing the group's results Mr Wilson said Aviva's performance was clear, delivering 'more operating profit, more capital, more cash, more dividend.