M&G's fixed income manager Richard Woolnough received a hefty pay package in 2014, larger than that of parent company Prudential's CEO Tidjane Thiam, according to reports.
According to Sky News, the manager (pictured) took home a pay packet worth between £15.3m and £15.4m in 2014, the second year in a row that his pay award topped £10m. Outgoing Prudential CEO Thiam took home £11.8m in pay and benefits in 2014, the firm's annual report shows. In 2013, Woolnough received a pay award of £17.5m, a figure more than double the salary of the Prudential CEO. This year's award is understood to be be in the form of Prudential shares, and deferred for several years. The latest figure was published in Prudential's annual report, released today, but the group...
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