bonus rates

D2C platform Charles Stanley Direct has launched a new loyalty programme for clients with a series of additional fee cuts, alongside a customer charter which promises users a "fairer deal".

RBS will not pay out bonuses in line with its rival banks, after the UK government said it would not support a payout ratio of two times executive salaries.

EU policymakers have agreed a deal on pay in the asset management industry which includes a requirement that fund managers be paid half of any bonuses in units of their own funds.

Antony Jenkins, the chief executive of Barclays, has turned down his multi-million pound bonus for 2013 due to the "very significant costs" faced by the bank.

Fidelity has written to the boards of more than 400 companies and warned them it will start voting against remuneration packages for bosses from January unless changes are made which lead to more long-term incentive plans.

More British bankers were paid more than a million euros (£860,000) each in 2011 than the rest of the European Union (EU) combined, according to the European Banking Authority (EBA).

Philip Clarke, the chief executive of Tesco, has opted not to take his £372,000 annual bonus because of the group's poor performance in its core British market.

The Treasury wants to force the highest paid staff at 15 of the UK's largest banks to publicly disclose their pay.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.