Europe agrees deal on fund manager bonuses

The new rules also mean fund managers must defer 40% of any bonuses for at least three years, or 60% if bonuses are particularly high. The new rules are set to become law in 2016 and follow negotiations between regulators and trade bodies across Europe. For years, critics of the fund management industry have argued managers' interests must be more closely aligned with their investors. Although many UK-based fund managers invest in their own funds, the new rules will ensure this takes place across the €6.3trn European fund management industry. > Read: Fund manager bonuses no guide t...