Legal & General executive salaries hit £560k

The company said the decision was justified because the directors - who can also expect to enjoy generous bonus schemes - have taken on expanded responsibilities for delivering the firm's growth strategy and deserve more than their existing £461,250 wages, according to City AM. One of the beneficiaries of this new policy is new chief financial officer Mark Gregory (pictured), who started work yesterday after a year-long search to find a suitable candidate. Last year he took home a total package worth £1.9m in his previous, more junior, role as chief executive of L&G's savings arm. ...