Bonus pools and lack of transparency: The key pay issues for the funds industry

Pay per employee has risen by 22% at AM firms since 2006

Asset managers are under increasing pressure to divulge their remuneration policies and ensure fund managers' interests are aligned with those of their clients, writes Hardeep Tawakley.

Pay is a sensitive issue - particularly when it comes to the fund management industry. Asset managers have seen the remuneration structures of their CEOs and investment managers come under increased scrutiny this year as salary and bonus levels keep on rising. According to think-tank New Financial, the average pay per employee at asset management firms increased by one-fifth to $263,000 (£171,000) in 2014. Since 2006 - the last full year before the financial crisis - pay per employee has rised by 22%, and is now not far short of the $288,000 average pay at investment banks. New Financial...