IMA surveys manager pay ahead of ‘next round' of legislation

The Investment Management Association (IMA) has written to UK fund groups asking them to anonymously disclose details of salary structures following discussions with EU regulators.

The regulatory body has invited UK investment houses to complete a survey detailing their remuneration provisions in advance of “the next round of legislative deliberations” by European authorities. Fund manager pay has been in the spotlight at a European level over the past 18 months, following the announcement of EU bonus cap rules that came into force at the start of 2014. Although those regulations encompass bank-owned asset managers, proposals to extend them to standalone asset managers were voted down in the EU Parliament last summer. As part of the European Banking Authority...