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Standard Life Investments total wage bill hits £169m

THE total wage bill at Standard Life Investments has risen 28 per cent from £131.9 million to more than £169m, according to a Companies House filing.

The annual report and financial statements for the Edinburgh fund and asset management business show average staff numbers moved upwards from 843 to 912 in 2013.

The document also states that the 12 key management personnel, including all directors of the company, shared remuneration totalling £16.54m, up two per cent from the £16.25m received the previous year.

It was reported at the time of Standard Life plc's results that long-serving investments chief executive Keith Skeoch earned a total remuneration package worth £4.2m.

The Standard Life Investments annual report shows it recorded a £120.3m pre-tax profit, up from £104.3m. Revenue increased from £353.8m to £436.35m, while operating expenses soared to £315m, against £246.1m in 2012.

The dividend paid to its parent company was £94m, down from £96m.

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