Aviva chief executive’s annual pay tops €7m

Aviva chief executive Mark Wilson’s take-home pay more than doubled to £5.67m (€7.2m) last year, after the purchase of rival Friends Life, the British insurer’s annual report showed yesterday.

Aviva completed the £5.6bn acquisition last April, creating a market leader in life insurance. It posted a 20% rise in operating profit for 2015.

Mr Wilson received a bonus of £1.78m or 182% of his basic salary, compared with a maximum possible 200% payout, due to “strong financial performance” and progress on strategic objectives last year, Aviva said.