Royal & Sun Alliance (R&SA) chief executive Andy Haste received a 15% rise in total...
Royal & Sun Alliance (R&SA) chief executive Andy Haste received a 15% rise in total pay last year.
According to the insurer's annual report, Haste received a total £1.6m in salary and bonuses, up from £1.3m the year before.
The company also revealed it is looking to reduce the use of share options for top executives. R&SA said it is planning to stop the practice of "retesting" the performance criteria for options. Shareholders tend to dislike retesting as it is seen as a second chance to earn bonuses, the insurer said.
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