Finance sector pay: higher basic pay compensates for lower bonuses
Pay awards in the finance industry have been boosted by healthy sector performance, but there has been a shift in methods of reward due to stricter rules around bonus payments, with basic wages rising notably as a result.
On this page:
Sustaining growth
Finance sector pay findings
Banking settlements
ahead of sector median
Insurance deals match sector
median
Culture of high remuneration continues
"Business as usual" for bonuses
Impact of latest
regulation on labour turnover
Potential threats to UK
banking from forthcoming Vickers report
Future sector
outlook
Table 1: Key finance sector pay settlements
2010/11
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