Remuneration councils blamed for 'excessive' bonus culture

They were speaking at the ABI's biennial conference yesterday, which examined the future of the City's bonus culture in light of the recent market crash. Although speakers were divided on the exact route needed to achieve change, all agreed the discussion must be brought up more frequently going forward. Robert Talbut, Royal London Asset Management's chief investment officer, said the recent period of strength in financial services overshadowed the problems lurking beneath the surface. "We all became caught up in the heady environment during a period of enormous largess. We believed e...