Standard Life Aberdeen suffers heavy revolt over CFO pay

Shareholders at Standard Life Aberdeen, the £569bn UK asset manager, have protested against the pay of a senior executive in one of the biggest revolts at a FTSE 100 company this year. Prior to the meeting, influential proxy advisers Glass Lewis and Institutional Shareholder Services had voiced disapproval of the pay increase and one-off recruitment award, saying they should reflect performance and take the form of phased increases.