UK executives’ salaries suffered the second largest fall in Europe this year, but bonus payments were back to pre-recession levels.
bonuses
Pay freezes are keeping salaries static for many executives but bonus payments are back to pre-recession levels in some firms, according to new research from Deloitte.
The ex chancellor has acknowledged that the tax failed to change the industry’s behaviour concerning pay and that employees found “imaginative” ways to avoid it.
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The government is considering a second tax on bankers' pay and profits, and will launch a consultation on whether to make employers disclose salary rates, but employers in the sector remain con
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Executive pay is under intense scrutiny internationally by governments, the media and social commentators.
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Anybody aware of bonus schemes operated by HMRC for its officers, relating to performance associated with assessments and penalties.
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Gordon Brown has admitted he should have done more manage the regulatory regime correctly, but that won’t stop some £6.8bn in bonuses being handed out to City workers this year.
The FSA has published new regulations preventing advisers from earning commissioning from the sale of investment products to clients.
The supermarket chain is one of several companies paying bonuses early to avoid the so-called ‘supertax’ which comes into force on 6 April.
Two top executives at Barclays have elected to forgo their 2009 bonuses in a bid to strengthen their hand in influencing regulatory reform in the banking sector.
