BlackRock to pay George Osborne £650,000 for advisory role

City speeches earned him £800,000

Daniel Flynn
clock • 1 min read

Former UK chancellor George Osborne will be paid £650,000 a year for working four days a month in his senior adviser role at BlackRock.

Osborne's (pictured) earnings were revealed in the latest register of MPs' interests, with his new earnings coming in at around eight times the amount he will earn in his political role, according to The Guardian. Osborne told the BBC in January this year that he would join BlackRock's investment research arm as a senior adviser, although the role means he will not be allowed to lobby the UK government. Osborne, who was Chancellor up until July last year, will also be eligible for share rewards. He has also made 15 speeches to Wall Street and City financial institutions since July,...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA Awards 2024: Canada Life AM on winning Best High Income Fund

PA Awards 2024: Canada Life AM on winning Best High Income Fund

A look at how the financial services firm has risen to the top

Professional Adviser
clock 12 July 2024 • 4 min read
Scotland Investment Roadshow 2024: See PA in a city near you!

Scotland Investment Roadshow 2024: See PA in a city near you!

Our roadshow will visit Edinburgh and Glasgow this September

Professional Adviser
clock 11 July 2024 • 1 min read
Multi-Asset Roadshow 2024: PA is coming to a city near you!

Multi-Asset Roadshow 2024: PA is coming to a city near you!

Live in Harrogate, Warrington, Cardiff, Bristol, London

Professional Adviser
clock 08 July 2024 • 1 min read