Industry officials have called for asset manager reward systems to be axed in favour of higher flat salaries, in order to discourage short-termism.
It comes after revelations this week that Woodford Investment Management had quietly scrapped bonuses for its 35 staff on 1 April, with co-founder Neil Woodford arguing they led to damaging behavio...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
