Andrew Bailey, chief executive at the Financial Conduct Authority, has pocketed a performance bonus for 2018 worth £10,000 more than the average remuneration of the watchdog’s whole workforce.
Smith & Williamson has announced changes to its remuneration policy as it prepares for a listing on the London Stock Exchange by the end of 2019.
Lindsell Train fee revenue has jumped, according to its latest financial statements, with performance fees almost tripling on the back of strong performance and inflows.
The FCA has been accused of failing to address fund manager pay in its asset management market study, despite remuneration being the largest source of costs.
Hargreaves Lansdown stressed changes needed to be made to its current remuneration scheme, while also confirming that chief executive Chris Hill took home £2.2m in 2017.
Remuneration packages will remain a contentious topic in boardrooms around the UK, according to a report from BMO Global Asset Management.
Neil Woodford’s peers in fund management have once again been caught off guard by a bold move from Britain’s best known investor.
Neil Woodford has thrown down the gauntlet to the fund management industry by scrapping bonuses at his self-titled firm.
Current executive pay structures both fail to incentivise performance and add to a growing reputational risk for all market participants, the Investment Association’s Executive Remuneration Working Group has said.
A report from PwC suggests that pay and rations will change dramatically as our industry – and the pressures on it – continue to evolve.
The Investment Association has established an executive remuneration working group in a bid to simplify what it acknowledges are complex pay structures.
