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AUTHOR: Monica Bloomfield
Finance-sector pay has shown slow growth in the past year and continues to lag behind inflation as employers react to concerns over economic stability and the cost of impending regulatory changes.
On this page:
Finance-sector pay findings
Sector consolidation continues
Fears of a wage cartel
Marked contrast in banking deals
Insurance settlements sit close to sector median
Further reform of the British banking system
Eurozone sovereign debt crisis adds to concerns
Employment down as job losses and sector consolidation continue
Pay differential between executives and majority of workers
"Shareholder spring" dampens bonus levels
Negotiating on pay
Near-term outlook for the finance sector
Table 1: Example finance-sector pay settlements, 2011/12
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