Directors' pay rises seven times faster than average

FTSE 100 directors' pay has risen over seven times faster than average wages, pay analysts have said.

According to Incomes Data Services (IDS), non-executive chairmen of top companies received average pay rises of six per cent last year, giving them earnings of nearly £400,000.

FTSE 100 directors' pay has risen over seven times faster than average wages Credit: Dave Thompson/PA Wire

The research has revealed that among FTSE firms, average fees ranged from £270,000 in technology businesses to over half a million pounds in oil and gas companies.

Average fees for non-executive directors increased by four per cent last year, to £64,000.

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Exec pay 'rising 7 times faster'

Executive pay is rising seven times faster than average wages, according to figures released by the Office for National Statistics.