Wilson hauls in £41million as L&G chief

LEGAL & General boss Sir Nigel Wilson was handed £4m last year – taking his total pay since becoming chief executive to £40.8m.

The boss of the insurance and asset management giant, who announced plans to retire in January, has overseen a steady performance since he took the helm in 2012.

Shares are up 90pc since he took over, compared with an increase of 36pc for the FTSE 100 index.

His pay for 2022 was a slight dip from the £4.5m package in 2021, but still lands him comfortably among Britain’s best paid bosses.

The 66-year-old started at the firm in 2009 as chief financial officer. Under him, assets managed soared to £1.2trillion and the group has led investment in areas such as housing, infrastructure and science parks.

Wilson, a keen athlete who grew up on a council estate in County Durham, has argued for ‘inclusive capitalism’, earning returns for investors while making investments that help tackle inequality.

The father of five has served on business advisory councils and was knighted last year. He spurned an offer to serve as minister for investment under Liz Truss.