Neil Woodford has decided to permanently abolish staff bonuses at his firm Woodford Investment Management as he believes they can "distort behaviour".
According to The Times, the UK equity manager has put all staff on a flat salary instead of paying bonuses. The rules, which came into force on 1 April for the firm's 35 staff, apply to all parts...
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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