Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

12203

UCITS fund managers face variable pay cap

RELATED TOPICS​

The European Parliament has voted in favour of draft remuneration rules implementing variable pay caps for UCITS fund managers. The rules include the requirement for a significant proportion of variable pay to be deferred for three to five years, with a cap on variable pay of one times salary. Stephen Cahill, head of compensation and benefits at Deloitte, comments…

These new rules are likely to have a significant impact on the way asset managers pay their employees.
 
Changes to pay structures could create unwelcome complexity for asset managers in the EU.  The cap on variable remuneration included in both the UCITS rules and CRD4, is likely to lead to increases in salary levels across the financial services sector and will increase fixed costs at a time when firms are looking to keep them down. 
 
These developments are likely to place the European financial services sector at a disadvantage to counterparts in the US and Asia, and will make it much harder for European firms to attract and retain their key talent.

 

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by