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Friends Provident: 3.6% merit pay budget


KEY DETAILS

  • Pay award: merit rises from 3.6% pot

  • Employees covered (nos.): all staff (3,300)

  • Effective date: 1 January 2007
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    Employees at financial services group Friends Provident have been awarded all-merit increases from a 3.6% pay pot, effective from 1 January 2007. Individual pay increases across the organisation ranged from nil to 15%.