Bankers to Get Bonuses Quicker Under Rule Change

Bankers to get bonuses quicker under rule change

The change is a relaxation of rules that were brought in after the 2008 financial crash.

UK banker bonuses to be paid faster under shake-up of rules

The amount of time that bankers must wait before receiving the full amount of their bonus will be cut in half from eight years to four years.

Bankers to Get Deferred Bonuses Sooner as UK Speeds Pay Reforms

The amount of time that senior UK bankers must now wait before receiving their bonus deferral period is being cut in half to four years, part of a push by regulators to boost the City of London’s competitiveness.

Bankers to receive bonuses faster under post-crisis rule change

Senior bankers in the UK will be able to collect their bonuses more quickly after regulators moved to relax rules introduced in the wake of the 2008 financial crisis. From Thursday, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will reduce the bonus deferral period for top banking executives from eight years to four, allowing partial payouts to begin in the first year rather than year three as previously req…

PRA and FCA announce changes to banker bonuses for 2025

Bankers to get bonuses much sooner as PRA relaxes rules

Bankers will be able to collect their bonuses much sooner under a relaxation of remuneration rules unveiled by the UK’s prudential regulator. The new rules will allow part-payment of bonuses for the most senior bankers from year one, rather than year three under previous rules. The amount of time that senior bankers must now wait before receiving their full bonus, known as a deferral period – will be cut from eight to four years. The proposals b…