Bonus season and the illusion of wealth AD As bonus season begins across the City, many higher earners continue to struggle to manage the difference between headline pay and usable cash Headline pay figures for City bonuses always grab attention and this year the expectation is cash bonuses will not disappoint. For many city professionals this is the moment to build liquidity, buy [...]
Sweeney should get RFU bonus if he earned it. He didn’t, so shouldn’t Sport Business England Rugby’s CEO Bill Sweeney should get a hefty pay package, but only if the numbers add up. They don’t, so he shouldn’t, argues Matt Hardy Should the chief executive of a major organisation receive a bonus for the work they do? For some it will depend on where they stand on the morality of [...]
UK proposes earlier banker bonuses in bid to boost competition Banking UK regulators have officially laid out plans for the country’s top bankers to get their bonuses years earlier in a bid to boost competition with rival jurisdictions. The Bank of England’s Prudential Regulation Authority (PRA) and City watchdog the Financial Conduct Authority (FCA) published proposals on Tuesday to reduce the bonus deferral period for most [...]
Bonus cap: Bankers and nurses both work hard, but you shouldn’t compare their pay August 13, 2024 As UK banks start scrapping the bonus cap, Emma Revell argues why this is a good thing – and what the NHS could learn from it People hate bankers almost as much as they love the NHS. So unsurprisingly, the return of big bonuses to City pay packets is not without controversy. In what may [...]
Morgan Stanley to join Wall Street rivals in scrapping bonus cap for UK staff July 1, 2024 Morgan Stanley is planning to follow its Wall Street rivals in scrapping an EU-imposed cap on bonuses for its top UK bankers.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff June 19, 2024 Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
Mark Kleinman: Why the City’s bonus cap move may not deliver Brexit bonus May 9, 2024 Mark Kleinman writes a weekly column for City PM - this week on Goldman bonuses, Foxtons' next move and broker job cuts
Metro Bank cancels bonuses for all executives after turbulent year and rescue April 17, 2024 Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.
No bonuses for top bosses at Travis Perkins after profits slump by £175m March 12, 2024 Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Marshall Wace partners share £538m payday as turnover at £50bn fund slumps December 11, 2023 According to accounts filed at Companies House, the UK partners of Marshall Wace, the $63bn (£50bn) hedge fund, shared profits of more than £538m last year.
