Lovewell’s logic: Will the removal of the bankers bonus cap drive change in remuneration structures?
Employee Benefits
OCTOBER 27, 2023
This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. The cap, which was introduced in 2014, was intended to curb excessive risk taking in the financial services industry following the financial crash of 2008.
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