PwC partners set to receive record payouts
Partners at PwC are on track to receive a bumper sum of £868,000 – their biggest annual payout in recent history.
The Big Four firm’s 900 partners have been told they can expect average pay for the year to June 30 to be £818,000, up 19% on a year earlier, plus £50,000 from the sale of its technology platform.
The figures, obtained by Sky News, are sure to prompt extra scrutiny given the reforms of the audit sector that are currently underway.
Kevin Ellis, PwC’s UK chairman and senior partner, told Sky News: “After a challenging first half of the year, we’ve experienced really good growth across our business, and it’s come from private sector demand for deals, financing, digitisation and supply chain transformation services.
“This growth has funded record staff bonuses and further investment in our people, from health and wellbeing to digital skills training and job creation. Supporting employment and skills across the UK will continue to be a top priority.”