£1.4m for Brewin’s directors
Brewin’s annual report yesterday revealed that the bonuses were down from £1.7m in the previous year. The group’s performance last year was partly hit by a £6m contribution to the Financial Services Compensation Scheme as a result of the failure of financial firm Keydata.
The report shows Brewin’s executive chairman, Jamie Matheson, received a £277,000 cash bonus as part of an overall pay package of £534,000 in the year to 30 September, down from £567,000 in 2010.
Matheson has criticised the large amounts that firms such as his pay in levies.