Bonuses in private banking and wealth management are expected to be lower this year, despite many firms weathering the Covid-19 crisis with stable or higher revenues.
The Office for National Statistics shows that more than half of all bonuses (across sectors) are paid between December and March – with a peak in March.
Between August to October 2019 and August to October 2020, average pay growth varied by industry sector.
The finance and business services sector s...
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