Advisers could be hit with more remuneration rules

Its move comes as part of a discussion paper on whether the regulator should incorporate its Code of Practice on Remuneration into its Handbook making it a rule and how it should be applied to large banks and broker dealers. The code has a general requirement that a "firm must establish, implement and maintain remuneration policies, procedures and practices that are consistent with and promote effective risk management". This could be implemented by a remuneration committee for each firm. Its consultation paper will also propose that the Code's remaining 10 principles are put into the Han...