Housing association chief executive salary survey 2018

Our survey of chief executives’ pay packets reveals an inflation-busting overall rise. Jess McCabe delves into the detail.  Illustration by Sam Falconer

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Housing association chief executive salary survey 2018 #ukhousing

Our survey of chief executives’ pay packets reveals an inflation-busting overall rise @jester delves into the detail #ukhousing 

How much are housing bosses paid? This year, Inside Housing’s exclusive survey reveals that the average housing chief took home £173,274 in the 2017/18 financial year.

That is an inflation-busting 4.3% rise on the year before, when the average chief executive was paid £166,205. (Inflation was only 2.2% over this period, measured by the Consumer Price Index.)

We calculate total pay by adding together the basic pay, bonuses and car allowances of chief executives from the biggest housing associations in the UK (see box: Methodology).

Pay for housing association chiefs has been put under a microscope this year. And, indeed, for the past several years, national newspaper and TV news stories have made much of the high levels of pay in the sector.

But has this had an impact on pay settlements?


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A glance at the data from our chief executive salary survey suggests the answer is no. UK workers saw an increase in pay of 2%, according to the Chartered Institute of Personnel Development (CIPD). That suggests that housing chief executives are seeing pay rise at more than double the rate of the average employee, and obviously raises questions about the growing gap between staff and those in the top jobs.

Eighty-five chiefs were paid more than the prime minister (Theresa May received £150,402). This is worth mentioning because it is a comparison constantly being made when it comes to high pay, but is rather a misleading and arbitrary one. HuffPost last year calculated that the extra perks that come with being PM are worth about £2m, not including whatever book deals, speaking and consultancy fees they may rake in after leaving office.

 

 

Recruitment consultants say that outside scrutiny of chief executive pay does come up in board discussions about pay levels. Still, one admitted – without wanting to put their name to the comment – that some housing chiefs are simply “paid too much”.

Benchmarking salaries also has an unintended inflationary effect – with boards not wanting to pay below average, this leads inevitably to higher and higher settlements, with increased averages each year. One association – Orbit – even cited this survey in its explanation for a 35.9% rise in its chief executive Mark Hoyland’s pay, compared with his predecessor Paul Tennant. A spokesperson tells us: “It is vital that Orbit attracts and retains a highly motivated and strong performing executive team. The Inside Housing CEO salary survey of previous years revealed a case for reviewing the salaries we pay our senior people.”

 

 

 

Inside Housing survey of chief executive salaries 2017/18

Housing association Number of homes Chief executive Total salary 2017/18 Total salary 2016/17 Annual change in total salary Basic salary 2017/2018 Bonus Car allowance Footnotes
A2Dominion 37,248 Darrell Mercer £288,194 £265,678 8.5% £220,159 £50,589 £17,446 Bonus includes an annual proportion of a three-year performance scheme which matured in 2017/18
Accent 19,167 Gordon Perry £168,493 £166,874 1.0% £163,493 £0 £5,000 On 30 April 2017 Gordon Perry retired. Paul Dolan started in May 2017 on a total salary of £166,600
Accord 12,801 Christopher Handy £198,524 £185,249 7.2% £186,350 £0 £12,174
Acis 5,754 Greg Bacon £127,765 £126,500 1.0% £116,150 £0 £11,615
Adactus (now Jigsaw) 14,227 Hilary Roberts £165,301 £155,707 6.2% £160,157 £0 £5,144
Aldwyck 11,136 Ian McDermott £206,038 £174,251 18.2% £171,696 £17,170 £17,172 2016/17 data has been corrected and refers to previous chief executive Harj Singh
Alliance 6,491 Louise Swain £133,980 £132,000 1.5% £121,800 £0 £12,180
Anchor 35,124 Jane Ashcroft £414,288 £351,899 17.7% £306,488 £89,647 £18,153
Apex Gerry Kelly Refused to respond
Aspire 8,789 Sinéad Butters £154,987 £150,046 3.3% £144,940 £0 £10,047
Aster 29,912 Bjorn Howard £234,191 £226,863 3.2% £216,618 £17,573 £0
B3 Living 4,745 Joe Chambers £131,950 £130,000 1.5% £131,950 £0 £0
Bernicia 14,679 Bill Heads £151,231 £133,214 13.5% £143,231 £0 £8,000
Bield 5,540 Brian Logan £103,140 £103,140 0.0% £99,440 £0 £3,700
Black Country 2,133 Amanda Tomlinson £115,588 £115,588 £0 £0 The increase includes the reinstatement of salary after a 1% cut in salary the previous year following the rent cut, in addition to a pay award of 2%
Bolton at Home 17,622 Jonathan Lord £160,804 £160,804 0.0% £154,804 £0 £6,000
Bournville Village Trust 9,100 Peter Roach £120,189 £120,190 0.0% £112,800 £0 £7,389 Mr Roach retired in June 2018, and Pete Richmond was appointed as the new chief executive in the same month (outside of the financial year that this survey is reporting on)
BPHA 18,253 Kevin Bolt £186,000 £181,000 2.8% £178,000 £0 £8,000
Bracknell Forest Homes (now Silva) 6,332 Caroline Titley £149,708 £147,496 1.5% £136,098 £0 £13,610 Ms Titley resigned as chief executive on 28 April 2017. During the year the association made payments to a third party to provide consultancy support to the board and executive team in the absence of a permanent appointment to the role of chief executive
Broadacres 6,161 Steve Towers £131,547 £131,547 0.0% £120,000 £0 £12,000 Mr Towers retired in July 2017. He was replaced by Gail Teasdale on a total salary of £132,000
Broadland 5,056 Michael Newey £132,725 £124,209 6.9% £120,659 £0 £12,066
Bromford 28,663 Philippa Jones £191,729 £187,535 2.2% £181,169 £775 £9,785
Bromsgrove District Housing Trust 4,023 Michael Brown £126,793 £125,538 1.0% £119,858 £0 £6,935
Bron Afon Community Housing 8,972 Mr Alan Brunt £120,000 £124,423 -3.6% £120,000 £0 £0
Calico 4,944 Anthony Duerden £122,836 £125,917 -2.4% £116,758 £0 £6,078
Cardiff Community Housing 3,000 Kevin Protheroe £97,372 -100.0% Refused to respond with details of how much retiring chief executive Kevin Protheroe or interim chief executive Stephen Cook were paid
Castles and Coasts 7,000 Stephanie Murphy £114,000 -100.0% Castles and Coasts refused to disclose details of its chief executive's pay. It was formed from a merger in July 2017 between Two Castles and Derwent & Solway Housing Association – Ms Murphy was previously chief executive of Two Castles, and her salary from the past financial year in that organisation is given, taken from its financial accounts
Catalyst 21,050 Rod Cahill £208,669 £210,506 -0.9% £208,669 £0 £0
Choice 10,868 Michael McDonnell £128,900 £126,500 1.9% £122,400 £0 £6,500
CHP 9,683 Stuart Stackhouse £137,311 £134,749 1.9% £130,619 £0 £6,692 From August 2018, CHP had a new chief executive, Mary Gibbons. Stuart Stackhouse retired from the organisation on 5 August 2018
Clanmil 4,621 Clare McCarty £113,252 £111,205 1.8% £104,502 £0 £8,750
Clarion 123,788 Keith Exford £397,576 £376,199 5.7% £397,576 not disclosed not disclosed Mr Exford retired in April 2018 – details of his pay are taken from the group's annual accounts. He was replaced by Ruth Cooke
Coast & Country 10,747 Robert Iain Sim £180,395 £155,440 16.1% £142,240 £24,955 £13,200
Coastline 4,564 Allister Young £117,080 £108,885 £0 £8,195
Community Gateway 6,169 Diane Bellinger £141,097 £130,000 8.5% £131,300 £0 £9,797 Ms Bellinger retired and was replaced in November 2017 by Rob Wakefield, on a total salary of £139,700
Connexus Peter Brown £0
Cottsway 4,600 Vivian Rosser £117,500 £117,500 0.0% £111,000 £500 £6,000 All members of staff received a bonus of £550 for achieving key performance indicators
County Durham 18,265 Bill Fullen £149,080 £141,400 £0 £7,680
Cross Keys Homes 11,029 Claire Higgins £195,588 £165,341 18.3% £170,620 £24,968 £0
Curo 13,171 Victor da Cunha £163,900 £163,900 0.0% £149,000 £14,900 £0
DCH (now Liverty) 24,023 Paul Crawford £195,103 £187,021 4.3% £185,683 £1,920 £7,500 DCH merged with Knightstone to form Liverty in March 2018
Dumfries and Galloway 10,304 Zoe Forster £115,605 £114,490 1.0% £112,605 £0 £3,000
EMH 19,193 Chan Kataria £167,003 £165,391 1.0% £159,923 £0 £7,080
Estuary 4,400 Paul Durkin £150,670 £140,000 7.6% £140,000 £0 £10,670
Extracare Charitable Trust 4,020 Mick Laverty £185,921 Extracare refused to respond
Family Mosaic Brendan Sarsfield £228,000 Family Mosaic merged with Peabody in 2017
First Ark Bob Taylor £153,867 First Ark refused to respond
First Choice Homes Oldham 11,484 Cath Green £145,083 £145,083 0.0% £139,083 £0 £6,000 Ms Green left in December 2017, and was replaced by Vincent Roche on a total salary of £141,000
Flagship 22,705 David McQuade £196,855 £206,728 -4.8% £191,287 £0 £5,568
Fold (now Radius) John McLean £114,999
For Viva 24,000 Tim Doyle £189,000 £171,819 £0 £17,181
Fortis Living 15,948 Guy Weston £163,198 £161,582 1.0% £148,362 £0 £14,836
Freebridge Community Homes 6,813 Tony Hall £138,210 £157,000 -12.0% £125,645 £0 £12,565
Futures 9,463 Lindsey Williams £166,841 £156,382 6.7% £151,674 £0 £15,167
Gateway Housing 2,993 Sheron Carter £121,674 £115,962 £5,712 £0 Ms Carter resigned in November 2017. Kate Dodsworth replaced her in April 2018
Genesis 28,667 Neil Hadden £230,863 £220,000 4.9% £222,640 £0 £8,223 At the end of the financial year, Genesis Housing Association merged with Notting Hill Housing
Gentoo 29,002 John Craggs £185,000 £203,520 -9.1% £185,000 £0 £0 John Craggs resigned as chief executive in September 2017. He was replaced by interim chief executive David Jepson on a total annualised salary of £182,000
Golding Homes 7,405 Gary Clark £140,000 £139,928 0.1% £127,273 £0 £12,727
Grand Union 11,988 Aileen Evans £148,543 £144,755 2.6% £142,168 £0 £6,375
Great Places 19,171 Matthew Harrison £159,080 £153,476 3.7% £148,276 £0 £10,804
Greenfields 8,568 Phil Adams £231,339 £136,726 69.2% £129,226 £94,613 £7,500 Mr Adams retired in March 2018, and his bonus represents a one-off retirement repayment, and included a pension contribution. He did not receive a performance-related bonus. Pat Brandum was appointed as interim chief executive in March this year
GreenSquare 11,877 Howard Toplis £136,000 £135,000 0.7% £123,000 £0 £13,000
Guinness 66,000 Catriona Simons £250,000 £252,000 -0.8% £250,000 £0 £0
Halton 7,057 Nick Atkin £139,338 £130,409 6.8% £129,838 £0 £9,500
Hanover 19,500 Clare Tickell £192,122 £191,865 0.1% £182,798 £0 £9,324
Hastoe 7,595 Sue Chalkley £148,850 £140,390 6.0% £140,850 £0 £8,000 Ms Chalkley left in June 2018 and was replaced by Andrew Potter
Havebury 6,431 Karen Mayhew £137,267 £128,320 7.0% £124,267 £5,000 £8,000
Helm (now Radius)* John McPeake 153,629
Hightown 6,002 David Bogle £159,803 £152,355 4.9% £146,975 £2,940 £9,888
Hillcrest 6,665 Angela Linton £124,733 £114,696 8.8% £124,733 £0 £0
Home Group 55,182 Mark Henderson £224,986 £223,092 0.8% £203,243 £16,259 £5,484
Housing & Care 21 20,188 Bruce Moore £238,000 £233,000 2.1% £238,000 £0 £0
Housing Plus 12,061 Sarah Boden £187,181 £175,770 6.5% £156,113 £15,457 £15,611
Hyde 49,411 Elaine Bailey £273,519 £262,450 4.2% £231,686 £33,033 £8,800
Impact Housing Association 2,658 Mike Muir £96,895 £92,452 £0 £4,443 Mr Muir resigned in August 2017 and was replaced by Bryonie Shaw. Ms Shaw is managing director rather than chief executive, as Impact is in the process of becoming part of Riverside. She was paid £83,600 in total
Incommunities 22,951 Geraldine Howley £154,263 £150,487 2.5% £154,263 £0 £0
Irwell Valley 7,680 Sasha Deepwell £165,000 £161,947 1.9% £150,000 £0 £15,000
Johnnie Johnson Housing 4,988 Yvonne Castle £123,000 £132,988 -7.5% £115,000 £0 £8,000
Joseph Rowntree Foundation 2,527 Campbell Robb £151,000 £158,000 -4.4% £151,000 £0 £0 Benefits in kind other than the categories detailed above have been excluded
Karbon 24,732 Paul Fiddaman £171,100 £171,100 0.0% £161,600 £0 £9,500 Karbon was formed in April 2017, from Isos Housing, Derwentside Homes and Cestria Community Housing
Knightstone (now Liverty) 11,480 Nick Horne £155,920 £143,000 9.0% £154,000 £1,920 £0 DCH and Knightstone merged in March 2018 to become Liverty
L&Q 92,500 David Montague £348,230 £344,000 1.2% £326,720 £16,500 £5,010
Lincolnshire Housing Partnership (formerly Shoreline) 12,700 Murray Macdonald £117,157 -100.0%
Link 6,672 Craig Sanderson £130,711 £111,307 17.4% £127,051 £3,660 £0
Liverpool Mutual Homes 15,467 Steve Coffey £187,991 £184,305 2.0% £170,901 £0 £17,090
Livin 8,400 Colin Robert Steel £139,103 £131,218 6.0% £120,959 £6,048 £12,096
Longhurst Group 22,368 Julie Doyle £184,882 £197,687 -6.5% £168,075 £16,807 £0
Luminus Group 7,377 Chan Abraham £212,439 £219,854 -3.4% £209,385 £0 £3,054 Mr Abraham left in June 2017. He was replaced by Tom Miskell, who had a total annual salary of £97,500, until March 2018. He was replaced in turn by Nigel Finney, on a total annual salary of £114,147
Magenta Living 12,833 Brian Simpson £151,463 £148,493 2.0% £137,694 £0 £13,769
Magna 8,901 Graham Colls £153,517 £151,248 1.5% £153,517 £0 £0 Last year’s figures have been corrected
Melin Homes 4,164 Paula Kennedy £128,000 £122,000 4.9% £115,000 £0 £13,000
Merlin (now part of Bromford) 8,650 Robert Nettleton £154,500 £146,500 5.5% £136,500 £18,000 £0
Metropolitan 38,046 Brian Johnson £275,791 £241,867 14.0% £230,393 £45,398 £0 Mr Johnson left in July 2017; he was replaced first by Jenny Danson as acting chief executive on a total annualised salary of £204,657, then Ian Johnson on £247,144. Geeta Nanda took on the job in October 2017, on £220,000
Midland Heart 33,276 Ruth Cooke £248,000 £232,000 6.9% £236,000 £0 £12,000 Glenn Harris took over the role of chief executive at Midland Heart in March 2018 on a total salary of £173,000
Moat 21,040 Elizabeth Austerberry £241,657 £225,657 7.1% £205,463 £30,820 £5,374
Muir 5,342 Catherine Dixson £126,552 £124,627 1.5% £115,048 £0 £11,504
Network 20,155 Helen Evans £195,002 £194,546 0.2% £166,892 £13,090 £15,020
New Charter 19,951 Ian Munro £200,158 £196,827 1.7% £190,758 £400 £9,000
Newlon 7,847 Mike Hinch £152,345 £154,898 -1.6% £141,338 £4,223 £6,784
Newport City Homes 8,887 Ceri Doyle £138,710 £136,846 1.4% £126,100 £0 £12,610
NG homes 5,450 Robert Tamburrini £121,614 £119,405 1.9% £110,558 £0 £11,056
Notting Hill Housing 32,153 Kate Davies £239,000 £232,138 3.0% £226,000 £2,000 £11,000 The end of the financial year saw Notting Hill Housing merge with Genesis Housing Association. As of next year, the report will come from Notting Hill Genesis
Nottingham Community 9,317 Mike Andrews £136,219 £135,000 0.9% £136,219 £0 £0
Ocean Housing 4,655 Mark Gardner £154,000 £195,765 -21.3% £140,000 £0 £14,000
Octavia 4,893 Grahame Hindes £133,567 £138,791 -3.8% £133,567 £0 £0
One Housing 16,000 John Gregory £198,072 £204,100 -3.0% £170,000 £28,072 £0 Mr Gregory was interim chief executive to 31 August. His total salary has been annualised. Richard Hill was appointed as chief executive in September 2017, and he received a total annualised salary of £202,400
One Manchester 11,967 David James Power £132,613 £131,300 1.0% £132,613 £0 £0
Ongo 9,768 Andrew Orrey £158,608 £150,232 5.6% £139,164 £5,527 £13,916
Onward 33,740 Bronwen Rapley £166,833 £160,000 4.3% £164,333 £0 £2,500
Optivo (formerly Amicus Horizon) 44,266 Paul Hackett £236,011 £223,934 5.4% £209,384 £26,627 £0 Mr Hackett was chief executive of Amicus Horizon until it merged with Viridian to become Optivo in May 2017, when he took over as chief executive of the new group. His bonus relates to the previous tax year
Orbit 42,810 Mark Hoyland £270,000 £198,649 35.9% £260,000 £0 £10,000 Mr Hoyland replaced Paul Tennant initially as interim chief executive and then was appointed to the role in July 2017
Origin 6,648 Carol Carter £150,000 £142,185 5.5% £150,000 £0 £0
PA Housing 23,000 Dilip Kavi £158,000 Refused to respond
Paradigm 14,618 Matthew Bailes £151,900 £146,675 3.6% £151,700 £200 £0
Peabody 55,717 Brendan Sarsfield £278,750 £238,260 17.0% £253,750 £25,000 £0 Mr Sarsfield took over as chief executive from Stephen Howlett in June 2017, and his salary has been annualised. Peabody refused to disclose details of Mr Howlett’s pay
Peaks and Plains 5,000 Tim Pinder £121,724 £120,222 1.2% £110,659 £0 £11,065
Phoenix Community Housing 6,263 Jim Ripley £131,887 £130,435 1.1% £131,437 £450 £0
Places for People 198,640 David Cowans £591,256 £579,183 2.1% £385,966 £182,525 £22,765
Plus Dane 13,562 Barbara Spicer £160,000 £160,000 0.0% £160,000 £0 £0
Plymouth Community Homes 15,839 John Clark £168,159 £169,386 -0.7% £160,000 £0 £8,159
Pobl 16,921 Amanda Davies £161,000 £161,000 0.0% £161,000 £0 £0
Poplar Harca 9,382 Steve Stride £171,717 £160,748 6.8% £145,791 £21,869 £4,057
Progress 10,285 Jacqueline De-Rose £168,125 £166,460 1.0% £159,719 £0 £8,406
Queens Cross 4,335 Shona Stephen £105,769 £105,769 0.0% £105,769 £0 £0
Radian 19,577 Lindsay Todd £188,192 £184,637 1.9% £172,895 £11,670 £3,627 Ms Todd was replaced by Mick Sweeney as interim chief executive from 1 August 2017. Mr Sweeney received an annualised salary of £264,754
Red Kite 5,831 Trevor Morrow £135,854 £132,118 2.8% £128,272 £0 £7,582
Regenda 13,089 Michael Birkett £184,344 £163,250 14.5% £173,344 £0 £11,000
RHP 10,320 David Done £168,098 £167,120 0.6% £155,167 £12,931 £0
River Clyde 5,641 Kevin Scarlett £108,383 £106,050 2.2% £108,383 £0 £0
Riverside 52,942 Carol Matthews £195,279 £211,056 -7.5% £191,419 £150 £3,710
Rochdale Boroughwide Housing 13,037 Gareth Swarbrick £120,321 £121,005 -0.6% £120,321 £0 £0
Rooftop 6,835 Boris Worrall £130,400 £128,807 1.2% £122,400 £0 £8,000
Saffron Housing Trust 6,000 Yvonne Arrowsmith £134,223 -100.0% Refused to respond
Salix Homes 8,190 Lee Sugden £132,612 £132,263 0.3% £132,612 £0 £0
Sanctuary 101,114 David Bennett £382,000 £356,277 7.2% £365,000 £0 £17,000
Saxon Weald 6,606 David Standfast £168,900 £165,000 2.4% £152,000 £0 £16,900 Mr Standfast retired in June 2018
Scottish Borders 5,639 Julia Mulloy £98,896 £93,813 5.4% £98,896 £0 £0
Selwood 6,400 Barry Hughes £126,126 £125,000 0.9% £126,126 £0 £0
Settle (formerly North Hertfordshire Homes) 9,074 Gavin Cansfield £155,100 £140,000 10.8% £155,000 £100 £0
Shepherds Bush 5,000 Matt Campion £146,330 £145,000 0.9%
Soha* 6,721 Richard Peacock £144,275 £141,723 1.8% £144,275 not disclosed Mr Peacock retired in June and was replaced by Kate Wareing
South Lakes 3,089 Cath Purdy £112,211 £102,010 £0 £10,201
South Liverpool 3,756 Julie Fadden £145,030 £122,400 £10,390 £12,240
South Yorkshire 5,732 Tony Stacey £135,742 £133,080 2.0% £135,742 £0 £0
Southern 28,000 Tom Dacey £292,927 £281,125 4.2% £280,043 £12,884 Mr Dacey’s data came from Southern’s annual accounts
Sovereign 56,782 Ann Santry £257,347 £229,367 12.2% £223,780 £33,567 £0
Sovini 13,093 Roy Williams £193,034 £187,602 2.9% £160,003 £17,031 £16,000
Stafford & Rural Homes 6,152 Karen Armitage £132,396 £129,800 2.0% £120,360 £0 £12,036
Stonewater 30,754 Nick Harris £201,250 £175,780 14.5% £166,500 £24,750 £10,000
Swan 11,323 John Synnuck £239,950 £229,950 4.3% £220,000 £19,950 £0
Tai Tarian 9,031 Linda Whittaker £126,000 £123,624 1.9% £126,000 £0 £0
Thames Valley 15,909 Geeta Nanda £211,173 £199,312 6.0% £192,234 £18,939 £0 Ms Nanda stepped down as chief executive in September 2017 – her salary has been annualised. She was replaced by John Baldwin, who received a total annualised salary of £160,000
Thirteen 33,707 Ian Wardle £162,000 £160,000 1.3% £162,000 £0 £0
Thrive 4,654 Elspeth Mackenzie £132,287 £129,966 1.8% £118,363 £13,924 £0
Together 36,456 Steve Close £160,693 £164,682 -2.4% £160,693 £0 £0
Torus 21,727 Rob Young £179,278 £181,125 -1.0% £170,741 £0 £8,537
Town and Country 8,896 Bob Heapy £150,470 £148,020 1.7% £150,470 £0
Trafford Housing Trust 8,867 Matthew Gardiner £156,372 £143,489 9.0% £142,156 £0 £14,216
Trent and Dove 5,784 Ursula Bennion £137,215 £128,550 7% £122,715 £7,500 £7,000
Trivallis 10,767 Ian Thomas £148,500 £148,500 0.0% £135,000 £0 £13,500
United Welsh 5,743 Lynda Sagona £129,596 £125,822 3.0% £117,798 £0 £11,798
Vale of Aylesbury 8,199 Matthew Applegate £164,629 £160,529 2.6% £144,311 £11,318 £9,000
Victory 5,106 John Archibald £130,198 £130,108 0.1% £118,198 £0 £12,000
Viridian (now Optivo) 16,000 Nick Apetroaie £279,000 £176,750 57.9% £279,000 not disclosed not disclosed Viridian merged with Amicus Horizon to form Optivo in May 2017. Mr Apetroaie’s salary has been taken from Optivo’s annual accounts and includes a contractual redundancy payment
Vivid 29,349 Peter Walters £175,000 £169,559 3.2% £175,000 £0 £0 Sentinel and First Wessex merged to become Vivid in April 2017. Peter Walters was chief executive until Mark Perry took over in July 2017 and received an annualised total salary of £203,500
WDH 31,295 Kevin Dodd £169,000 £167,000 1.2% £169,000 £0 £0 Full salary entitlement is not taken and directors are on the same terms and conditions as all other employees. WDH does not pay bonus to directors
Wales & West 11,739 Anne Hinchey £141,000 £136,000 3.7% £141,000 £0 £0 These figures are taken from accounts ending 31 December 2017
Wandle 7,300 Tracey Lees £145,145 £143,000 1.5% £145,145 £0 £0
Waterloo 26,607 David Pickering £205,157 £192,495 6.6% £205,157 £0 £0 The chief executive received the same 1% cost of living-related salary increase as all other employees. The remaining remuneration increase represented cost neutral compensation for loss of company pension contributions on leaving active membership of the scheme
Watford Community 6,569 Tina Barnard £138,700 £138,728 0.0% £135,000 £3,700
Weaver Vale 6,245 Wayne Christopher Gales £126,000 £156,685 -19.6% £126,000 £0 £0
Wellingborough 4,810 Jo Savage £140,312 £143,577 -2.3% £119,556 £9,756 £11,000
West Kent 7,219 Frank Czarnowski £122,834 £121,335 1.2% £122,834 not disclosed not disclosed Taken from accounts which cover the calender year 2017, rather than the financial year
Westward Housing 7,146 Barbara Shaw £142,000 £128,022 10.9% £142,000 £0 £0
Wheatley 81,638 Martin Armstrong £268,975 £250,060 7.6% £250,478 £0 £18,497 Turnover not fully audited figure
WHG 20,644 Gary Fulford £182,781 £179,449 1.9% £166,165 £0 £16,616
WM Housing 30,349 Kevin Rodgers £193,618 £191,800 0.9% £183,618 £0 £10,000
Wythenshawe 13,572 Nigel Wilson £164,192 £163,987 0.1% £155,000 £0 £9,192
Yarlington 10,366 Gary Orr £176,824 £154,339 14.6% £147,354 £14,735 £14,735
Yorkshire Coast 4,500 Owen Ingram £104,392 Refused to respond
Yorkshire Housing 18,036 Mervyn Jones £155,872 £155,873 0.0% £150,872 £0 £5,000
Your Housing 27,818 Brian Cronin £210,800 £219,232 -3.8% £168,640 £25,296 £16,864

 

Notes: Total salary figures include the bonus and car allowance a chief executive received unless otherwise stated.

Total salary figures have been rounded to the nearest whole number * = taken from annual accounts ** = 2016/17 data taken from annual accounts

Another factor though is pensions. Individuals cannot put more than £1m in their pension pots without paying more tax – and although this is not a factor that worries most of us, for high-earning chief executives nearing retirement on generous defined benefit pensions, many will have reached or are nearing this limit. This has led some associations to boost pay, in compensation for money not being added to the boss’s pension, points out James Tickell, partner at Campbell Tickell. Another factor is that many retiring chief executives will be getting pensions based on their final salary – which again creates pressure to increase their pay in their last few years in office.

But pay rises in our sector pale in comparison to private sector chief executives – which the CIPD found rose by 11% to nearly £4m.

A comparison with charities is also illuminating – according to Third Sector, last year the average charity chief took home £255,000, well above most housing association bosses. The Wellcome Trust topped the chart of the largest pay packets, with a sum just over £3m – not, interestingly, to its chief executive, but a member of its investment team.

Methodology

How is this data compiled?

Inside Housing sends a detailed survey to the 180 biggest housing associations in the sector, measured by number of homes owned and managed. This year we have added a handful of organisations to the list and include 182 housing associations, due to the high level of merger activity.

The vast majority of housing associations respond promptly with information about their chief executive’s pay. Data from a small number of organisations has been taken instead from their annual accounts, which must list the total pay of their highest-paid executive, which in most cases is the chief executive.

A very small number of associations refused to respond to our survey and have not yet published their accounts. We will follow up with details of those specific organisations once the accounts have been published.

We must also make a special note about Apex. This organisation appears in the table with no data for either 2017/18 or 2016/17. This is because it refused to respond to our requests, and has also ignored requests for copies of its financial accounts – public documents which are meant to be available if you ask for them, if they are not published on an organisation’s website.

Highest paid and high risers

  • Places for People tops chart with £591,256 pay
  • double digit increases for 17 chiefs
  • 69 saw pay increase exceed inflation

David Cowans, chief executive of Places for People, once again is the highest paid chief in the sector. He took home a total of £591,256 – which includes a mega-bonus of £182,525 (it’s worth noting that 113 chief execs were paid less in total than Mr Cowan’s bonus). This is a pay rise of 2.1% on last year.

The nearly 200,000-home association has provided a breakdown which attributes 45% of Mr Cowan’s wages, bonus and benefits to Places for People’s social housing activities, and the rest to its “non-social-housing” businesses.

The organisation also says, via a spokesperson: “Under David Cowans’ leadership, Places for People has delivered another strong set of results over the last financial year. The group chief executive’s total remuneration includes a bonus, which is set every year by the group board and is based on his performance across all business units against environmental, social and financial targets.”

 

The 10 highest paid CEOs

Housing association Chief executive Total pay
Places for People David Cowans £591,256
Anchor Jane Ashcroft £414,288
Clarion Keith Exford £397,576
Sanctuary David Bennett £382,000
L&Q David Montague £348,230
Southern Tom Dacey £292,927
A2Dominion Darrell Mercer £288,194
Viridian (now Optivo) Nick Apetroaie £279,000
Peabody Brendan Sarsfield £278,750
Metropolitan Brian Johnson £275,791

The club of best-paid bosses mostly doesn’t change much year by year. But we have seen some alterations, mostly driven by mergers and changeover of staff. We have Nick Apetroaie taking home £279,000 as Viridian merged with Amicus Horizon to form Optivo – a 57.9% rise. Then Brendan Sarsfield, whose pay hit £278,750, as he took over the newly enlarged Peabody from Stephen Howlett – whose pay the association refused to disclose. Next is Brian Johnson, who left Metropolitan on £275,791.

A Metropolitan spokesperson says: “Brian’s annualised basic salary increased year on year by 2%, in line with the average salary increase of all colleagues across the business. His bonus was based on a number of demanding performance criteria – including both corporate and individual targets – set by the board. The year-on-year increase in his bonus reflects his improved performance against these targets.”

When we turn to the chief executives with the highest percentage increases, the same story emerges, as do some of the same names. Seventeen chiefs saw their total pay go up by more than 10%, and 69 went up by more than inflation (or 2.2%).

 

The 10 highest percentage pay increases

Housing association Chief executive Total salary Percentage increase
Greenfields Phil Adams £231,339 69.2%
Viridian (now Optivo) Nick Apetroaie £279,000 57.9%
Orbit Mark Hoyland £270,000 35.9%
Cross Keys Homes Claire Higgins £195,588 18.3%
Aldwyck Ian McDermott £206,038 18.2%
Anchor Jane Ashcroft £414,288 17.7%
Link Craig Sanderson £130,711 17.4%
Peabody Brendan Sarsfield £278,750 17.0%
Coast & Country Iain Sim £180,395 16.1%
Yarlington Gary Orr £176,824 14.6%

Phil Adams, boss at Greenfields, leads the way with a 69.2% rise – made up largely of a one-off retirement payment.

A few of the associations simply put big rises down to performance. Andy Orrey, chair of Cross Keys Homes (CKH), for example, notes the organisation’s 25% increase in surplus, and record of building more homes than it ever has before as reasons for paying its chief Claire Higgins 18.3% more this year. He adds: “Claire is delivering outstanding results and commitment to CKH and the wider community and her remuneration reflects that.”

Anchor’s Jane Ashcroft saw her pay rise 17.7%, making her the second highest paid in the sector this year. The association’s chair Pamela Chesters, though, says Ms Ashcroft’s pay is benchmarked to the care sector, not to housing.

“Total remuneration reflects performance in meeting demanding financial, compliance, customer and employee targets,” she says – noting that the chief’s basic pay remained unchanged, and the increase is a reflection on her bonus.

The 10 highest paid per home owned and managed

Housing association Pay per home owned and managed Chief executive
Joseph Rowntree Foundation £60 Campbell Robb
Black Country £54 Amanda Tomlinson
Gateway Housing £41 Sheron Carter
South Liverpool £39 Julie Fadden
Impact Housing Association £36 Mike Muir
South Lakes £36 Cath Purdy
Estuary £34 Paul Durkin
Ocean £33 Mark Gardner
Bromsgrove District Housing Trust £32 Michael Brown
Melin Homes £31 Paula Kennedy

The 10 highest paid per £m turnover

Housing association Chief executive pay per £m/turnover
South Liverpool Julie Fadden £7,330
South Lakes Cath Purdy £7,013
Black Country Amanda Tomlinson £6,551
Wellingborough Homes Jo Savage £6,111
Bromsgrove District Housing Trust Michael Brown £6,066
Joseph Rowntree Foundation Campbell Robb £5,698
Impact Housing Association Mike Muir £5,539
Calico Anthony Duerden £5,485
Johnnie Johnson Housing Yvonne Castle £5,348
Melin Homes Paula Kennedy £5,333

Bonuses

  • 29% increase in average bonus
  • fewer CEOs receiving performance-related pay
  • Places for People CEO awarded £182,525 bonus

Fifty-four chief executives received a bonus in 2017/18, actually a slight drop on last year’s figure of 59. However, the average award rose by 29% from £15,788 to £20,386.

Looking at the top 10 biggest payments tells part of the story – like last year, Mr Cowans at Places for People took home the largest slice, with £182,525 (this is actually marginally down on his bonus the previous year).

But last year’s level of bonuses swiftly dropped, with the second highest payment being £41,500. This year is rather different, as the table shows, with five payments in excess of that figure.

As might be expected, organisations strongly defend their chief executives’ bonus payments, with a typical comment coming from Gordon Holdcroft, chair of Sovereign’s board, talking about Ann Santry’s £33,567 bonus. “Our remuneration, including bonus, takes into account a range of factors such as market comparatives as well as personal and corporate performance. Ann’s bonus reflected, among other things, an extremely strong year following merger,” he says.

As in previous years, the bottom end of the bonus scale shows a number of chief executives taking relatively modest bonuses of less than £1,000, generally as part of an organisation-wide scheme.

The 10 largest bonuses

Housing association Chief executive Chief executive's bonus (including discretionary bonus) 2017/2018*
Places for People David Cowans £182,525
Greenfields Phil Adams £94,613
Anchor Jane Ashcroft £89,647
A2Dominion Darrell Mercer £50,589
Metropolitan Brian Johnson £45,398
Sovereign Ann Santry £33,567
Hyde Elaine Bailey £33,033
Moat Elizabeth Austerberry £30,820
One Housing John Gregory £28,072
Amicus Horizon (now Optivo) Paul Hackett £26,627

Pensions

Eighty bosses are still expecting ‘defined benefit’ pensions – where they will get a fixed amount.

That said, only 28 will now get a pension based on their final salary, with the rest getting something based on a career average, or a combination of the two in organisations which have switched methods of calculation.

Eleven chief executives received payments in lieu of pensions, which is also likely linked to this trend, with the rest either taking no pension or having a defined contribution arrangement.

The 10 largest pension payments

Housing association Chief executive Employer contribution to pension as a % of basic pay Cash value of contribution
Wales & West Anne Hinchey 26.7 £37,647
Anchor Jane Ashcroft 26.4 £80,912
Weaver Vale Wayne Christopher Gales 23 £28,980
Red Kite Trevor Morrow 22.2 £28,466
One Manchester David James Power 21.6 £28,644
L&Q David Montague 20 £65,344
Greenfields Phil Adams 20 £25,845
Rochdale Boroughwide Housing Gareth Swarbrick 18 £21,658
Stafford & Rural Homes Karen Armitage 17.8 £21,424
Magenta Living Brian Simpson 15.2 £20,929

The pay gaps

  • BME chief executives were paid 12.4% less than white chief executives
  • Female chief executives were paid 8.2% less than male chief executives and saw pay grow at less than 1%
  • Only four BME chief executives among 182

For the first time, Inside Housing asked housing associations to provide some basic data on the demographics of their chief executives – including whether they identify as BME, LGBT or have a disability.

Out of 182, 120 answered these questions, allowing us to for the first time reveal the extent of the race pay gap at chief executive level. Only four chief executives identified as BME. As well as being an incredibly low number, this also does make the task of identifying an average for the sector less reliable, as the sample size is so small.

However, the data shows that these executives took home on average £153,814. For the 116 who identified as white, average pay was £173,273. In other words, that is a 11.2% pay gap between BME and white chief executives.

Gina Amoh, chair of a group of 14 BME London landlords, says: “It is difficult to call our sector inclusive, when these figures paint such a dispiriting picture. Our sector leaders must step up and change. Some are starting to do it, and this is welcomed, but the numbers are still too small.” (It should be noted that Ms Amoh is also a housing association chief executive, but her organisation Inquilab has just under 1,300 homes and so is too small to be included in the salary survey.)

The biggest pay packet of a BME chief executive was taken home by Geeta Nanda, counted in the survey as the 27th highest paid. She appears in her previous role as boss of Thames Valley, where she took home £211,173 in total, a figure that has been annualised as she stepped down halfway through the financial year. She has since moved on to head up Metropolitan, where her annualised basic salary was £220,000.

So how about the gender pay gap?

Well, there were 58 female chief executives – a reasonable jump on the 49 in last year’s survey, meaning they make up 32% of chief executives. (This may have been affected by the addition of a small number of housing associations in this year’s survey – see ‘Methodology’ for more information on this.)

So far, so many small steps towards breaking the glass ceiling, but let’s look at how much they’re paid. On average, female chief executives took home £163,559 in total pay. This is an increase of 0.8% on last year’s average pay of £162,344.

However, when we look at what has happened to male chief executive pay, the story gets a bit more complicated. In this year’s survey we have 124 male chief executives, and they took home an average of £178,131, up 4.7% on last year’s average.

That means the gender pay gap has rapidly expanded to 8.2%, from only 5% in last year’s survey.

The survey does show a number of highly paid female chief executives. The second-highest paid chief executive in the land is Jane Ashcroft, on £414,288. Yet she is the only woman in the top 10. And if you take a look at the bottom of the table, eight out of the 10 lowest paid chief executives are women.

A quick note: we also asked if chief executives had a disability and if they identify as LGBT. However, rates of answering these questions were low. Two chief executives identified as disabled and one as LGBT. However, due to low response rates, we believe this reveals more about hesitancy to answer the question than the true demographics of the sector. For example, only 21 organisations responded to the question about disability. We will continue to ask these questions in future years.

The 10 lowest paid per home owned and managed

Housing association Pay per home owned and managed Chief executive
Places for People £2.98 David Cowans
Clarion £3.21 Keith Exford
Wheatley £3.29 Martin Armstrong
Riverside £3.69 Carol Matthews
L&Q £3.76 David Montague
Sanctuary £3.78 David Bennett
Guinness £3.79 Catriona Simons
Home Group £4.08 Mark Henderson
Together £4.41 Steve Close
Sovereign £4.53 Ann Santry

The 10 lowest paid per £m turnover

Housing association Pay per £m turnover Chief executive
L&Q £339 David Montague
Peabody £458 Brendan Sarsfield
Clarion £480 Keith Exford
Sanctuary £539 David Bennett
Riverside £564 Carol Matthews
Home Group £617 Mark Henderson
Notting Hill Housing £644 Kate Davies
Guinness £668 Catriona Simons
Sovereign £680 Ann Santry
Genesis £711 Neil Hadden
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