Standard Life Aberdeen faces staff revolt over 'doughnut' bonuses - Reports

Following £40bn outflows in 2018

Standard Life Aberdeen is facing a rebellion after it has been forced to dramatically cut the bonuses it pays to its employees, according to reports.

The fund giant, which suffered more than £40bn of outflows last year, is understood to have dramatically slashed bonuses across the firm, according to The Telegraph. The paper reports that some staff said their bonuses had been halved, while others had been issues the dreaded 'doughnut' bonus, equal to zero. It quotes one insider saying: "People are not happy. Some wanted as much as previous years, but that was never going to happen." Raft of departures from Aberdeen Standard Investments' sales team amid restructuring Another senior source said although he has been preparing for...