Aberdeen Asset Management increases staff pay by 4%

Aberdeen Asset Management has increased base salary for employees by 4% for 2014.

It has also increased executive directors’ base salaries by 1%, as approved at the organisation’s annual general meeting this month.

The total annual bonus on offer has also increased by 11% as an average across all employees, and by 15% for organisation’s chief executive.

The FTSE 100 organisation’s remuneration report was approved after it posted another year of growth.

An Aberdeen Asset Management spokesman said: “We are open and transparent in terms of our remuneration policy and report.

“We do not believe in rewarding failure and executive bonus awards take account of key financial performance indicators.

”Three-quarters of any bonus earned is paid in organisation shares and released in tranches over four years. Bonuses can be clawed back in the event of serious misconduct or a significant failure in risk management.”