Star fund manager Terry Smith takes £5m pay cut

Terry Smith took home £23.3m for the year ending March 2025. This is the third year in a row when the stockpicker has seen his payout drop - PA Images / Alamy Stock Photo Star fund manager Terry Smith has taken a £5m pay cut after his eponymous investment firm Fundsmith suffered a slump in profits. Mr Smith, one of the City’s best known stockpickers, took home £23.3m for the year ending March 2025, down from £27.9m in the prior year, according to accounts filed at Companies House. This is the lowest amo ...