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FTSE 350 FDs scoop £213m in 2012

Financial Director's 2013 Salary Survey sees FDs' total average pay hold up at more than a million pounds

01 Feb 2013 Accountancy Age

By Kevin Reed

Cover of the February 2013 edition of Financial Director

FTSE 100 finance directors picked up an average total pay of £1.15m in 2011/12, while the FTSE 250 FD saw average pay at £586,384.

According to the 2013 FD Salary Survey by sister publication Financial Director, 57 FDs earned in excess of £1m in the 2011/12 financial year, while 195 topped £500,000.

Salaries have held relatively steady in recent years, with Financial Director's previous survey of a mix of 2009 and 2010 accounts revealing average total pay of £1.10m.

Last year, the total salary of the FTSE 350 reached £213m, of which £104m in bonuses were awarded during the same period.

Importantly, however, a fair chunk of this was deferred. As much as £31m was mandatorily deferred, while £3.8m was deferred on a voluntary basis and 25 finance directors within the list took no bonus at all last year.

Click here to view the full survey and data here

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