Simon Nixon earns £14m payout from Moneysupermarket

Simon Nixon is to receive a £14m payout from Moneysupermarket.com after the price comparison website saw revenues rise by 28 per cent to £23m in the first half of the year.

Although Simon Nixon is no longer involved in the day-to-day running of Moneysupermarket.com, he still owns 52 per cent of the company’s shares, which puts him in top of the pile for the company’s £20m dividend payout.

Moneysupermarket.com attributes the strong growth to its investment in technology and media campaigns, such as its sponsorship of ITV’s hit TV show Britain’s Got Talent and its ads featuring the ever-so-annoying comedian Omid Djalili.

While the number of visitors to Moneysupermarket.com’s personal finance site increased four per cent, searches for cheaper car insurance also increased, accounting for 57 per cent of the company’s £91.7m revenue.

“In the current climate, people love to find a bargain and it gives them a sense of real satisfaction,” says Moneysupermarket.com CEO Peter Plumb. “Customers use us to save on their energy bills and all sorts of other things, especially car insurance which is very expensive now.”

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