Cameron endorses bonus culture as "pro-aspirational"

clock

Prime minister David Cameron today endorsed the bonus culture in banks whilst under pressure from the Opposition to tackle excessive pay.

Cameron refused to condemn bonus culture in the banking sector during prime minister's questions, saying bonuses are "pro-aspirational" and "pro-doing the right thing for your family". Labour leader Ed Miliband asked if the government would support a move to force banks to publish all salaries worth more than £1m. In response, Cameron highlighted the government's commitment to forcing each bank to publish the salaries of their top eight employees; a policy it consulted on in December. However Miliband said the legislation for the first policy was "already on the books" and that cha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on TCF

TCF

Chris Davies: Are you still treating customers fairly?

Build a constructive culture

Chris Davies
clock 14 May 2018 • 4 min read
TCF

IFA submits portfolios for independent verification; gets top marks

An independent advisory business is set to submit its investment portfolios for regular scrutiny after independent tests were carried out on a trio of live client cases.

Scott Sinclair
clock 04 August 2015 •
TCF

Why client-centric TCF culture should be at the heart of every advice firm

Why client-centric TCF culture should be at the heart of every firm

Jon Everill
clock 06 May 2015 •