70% increase in flat pay
Acknowledges PM May's proposed crackdown
Suggested replacing incentive share awards
The Investment Association (IA) is considering campaigning for corporate pay reform, according to Sky News.
A report by think-tank New Financial has suggested fund manager pay may overtake that of investment bankers by 2016, following a sharp rise since the financial crisis.
Hedge fund manager Crispin Odey netted a pay packet of £47.8m in the year to April 2014 after his boutique more than trebled profits.
The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.
BP could have to slash dividend payments both this year and in 2011, warns Hargreaves Lansdown.