The newly appointed chief executive of Prudential UK and Europe, Jacqueline Hunt, who was poached from rival Standard Life (SL) earlier in the year, has been awarded shares worth more than £4.3m in compensation for missed bonuses from her former employer....
The UK government has lodged a legal challenge with the European Court of Justice (ECJ) on the EU's proposed cap of bankers' bonuses.
Bankers' bonuses should be delayed for up to ten years to kill off a culture of short-termism at large institutions, a senior official has suggested.
Closed life fund consolidator Phoenix has held the majority of its annual bonuses at low rates or at 0% as it focuses on final payouts.
Legal & General's with-profits fund returned 1.7% in 2011 in a year which saw total bonuses of £459m added to with-profits policies.
Chancellor George Osborne has described as "sensible" the decision by RBS chief executive Stephen Hester to reject his bonus.
Banks should brace themselves for a spate of claims from "disgruntled" bankers unhappy with their bonus payments, lawyers have warned.
Public sector workers continue to be paid more than their private sector counterparts despite the introduction of a two year state pay freeze, research published today suggested.
State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.
Bob Diamond was forced to defend his salary this morning, after he failed to mention the subject at a high-profile lecture last night.