Mattioli Woods CEO to forego salary amid pandemic

Board members on 50% salary reduction

clock
Mattioli Woods CEO Ian Mattioli
Image:

Mattioli Woods CEO Ian Mattioli

Mattioli Woods CEO looks to help mitigate costs and protect the firm’s financial position amid the coronavirus crisis

In a market update issued on Friday morning (27 March), the self-invested personal pension provider and wealth management firm said the firm was fully operational still, with more than 600 staff working from home.  In addition to the CEO's salary cut, Mattioli Woods board members have agreed to reduce their basic salary or fees by 50% also until 30 June 2020. The situation will then be reviewed.  The firm is reviewing its operating costs, restricting travel and reducing discretionary sp...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

In Review: The first half of 2022 in protection

In Review: The first half of 2022 in protection

"Let’s hope to see some examples of real innovation from the industry in the second half of the year"

John Brazier
clock 01 August 2022 • 4 min read
How protection networks adapted in the face of global crises

How protection networks adapted in the face of global crises

From pandemics to economic turmoil

Christopher Marchant
clock 28 July 2022 • 7 min read
Dean Furman celebrates winning the MTN 8 trophy with SuperSport United in South Africa. Image credit: Steve Haag

Meet the firm turning professional athletes into protection advisers

"You're only ever as good as your last game, but your next game could be your last"

Hemma Visavadia
clock 25 July 2022 • 5 min read