4) REMUNERATION POLICY FOR OTHER SENIOR MANAGERS.


The remuneration policy for senior managers below Board level is broadly consistent with that followed at executive director level. At 31 December 2011 there were 240 senior managers in the UK whose actual salaries equated to or exceeded £100,000, or 246 if full-time equivalent (FTE) salaries are counted.

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Number of executives

Salary range

Actual salary

FTE

£100,000 – £124,999

139

143

£125,000 – £149,999

49

50

£150,000 – £174,999

33

33

£175,000 – £199,999

6

6

£200,000 – £224,999

6

7

£225,000 – £249,999

6

6

£250,000+

1

1

Total

240

246

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