Most bankers based in the UK expect their bonuses to be larger in 2009 than in 2008 and haven't experienced a change to their pay structures, according to a survey from eFinancialCareers.com, a financial jobs web site.
The findings suggest that bonus season will show UK banks once again at odds with regulators and politicians, who are converging on changes to the way finance workers are paid. Finance ministers from the Group of 20 industrial and developing nations agreed over the weekend to tame bankers' pay by demanding that bonuses be paid over a longer period and be clawed back if investments turn sour.