Image:
Chief executive of the FCA Nikhil Rathi
The Financial Conduct Authority has launched a consultation in which it proposes to end discretionary bonuses and narrow salary ranges to ensure colleagues are fairly remunerated.
In an internal consultation, Nikhil Rathi, chief executive of the FCA, announced the regulator was proposing "tough decisions", including the removal of bonuses, which he said "have not been effective...
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
