Many employers operate contractual or discretionary bonus schemes to incentivise their employees.
A major legal issue for employers is to decide whether bonuses under the scheme are intended to be contractual or discretionary, and ensure that this is clearly reflected in the relevant employees’ contracts of employment.
Some experts think the FSA code of practice for employee remuneration is unlikely to reduce risk-taking in the financial sector.Employers...
More than 70 City traders are suing their former employer for millions of pounds after their bonuses were withheld. The...
Bank payrolls are set to come under far more scrutiny after the proposals put forward in the recent Walker Review,...
Asperity’s entrants at the 2009 Employee Benefits awards proved highly successful as the company won “Most Effective use of a...
The Prime Minister has called for a “claw-back” system on bankers’ bonuses if awards are not based on long-term success.Brown...
Liverpool refuse collectors and street cleaners are set to strike from Friday after talks about pay and bonuses between Enterprise...
A London school is being investigated by Brent Council after a report claimed governors paid themselves up to £1m in...
The chancellor has signalled that he will change the law to curb City bonuses, to ensure executives who take significant...
The financial watchdog has banned bonuses that are guaranteed for more than a year, as part of new rules determining...
Banking bonus reforms due to be published by the financial watchdog today are expected to be watered down, according to...
The Financial Services Authority (FSA) has admitted it cannot control bonuses paid by City banks as it prepares to publish...
Barclays has ignored financial watchdog guidelines on bonuses, less than a year after the government bailed out the banking sector....
Network Rail senior managers’ bonuses have been approved, despite criticism from industry regulators.Although the Office of Rail Regulation has been...
Remuneration teams within banks and other financial institutions should have more power to scrutinise staff reward, while bonuses should be...
Pay cuts for BA pilotsBritish Airways pilots have agreed to a 2.6% pay cut, along with a further 20% cut...
