IMA begins survey of fund manager pay

The regulatory body has invited UK investment houses to complete a survey by 30 May detailing their remuneration provisions in advance of “the next round of legislative deliberations” by European authorities. Fund manager pay has been in the spotlight at a European level over the past 18 months, following the announcement of EU bonus cap rules that came into force at the start of 2014. Although those regulations encompass bank-owned asset managers, proposals to extend them to standalone asset managers were voted down in the EU Parliament last summer. As part of the European Banking...