Standard Life gives and takes away - papers 5 January

The Daily Telegraph reports Crombie stating the decision has been made to “align his interests” with those of long-term policyholders – many of whom have been hit by falling returns from savings in the past few years. Last year Crombie was criticised for taking a £135,000 bonus as then head of Standard Life Investments, the paper notes. John Hylands, finance director, has also waived his cash payment from the company’s long-term incentive programme for executives, but will retain his annual bonus, the paper adds. HYLANDS IN TURN is the focus of a piece in the FT, which says the com...