JP Morgan to Increase Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 10x of Fixed Pay after Brexit, JP Morgan Banker with $1 Million Fixed P

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JP Morgan to Increase Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 10x of Fixed Pay after Brexit, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus Instead of Only $2 Million in Bonus under European Union Rules, European Union Imposed Limit on Variable Pay Capped at 2x of Fixed Pay for Material-Risk Takers in 2014, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay

25th June 2024 | Hong Kong

JP Morgan is increasing the variable bonus limit on UK staff from 2x of fixed pay to 10x of fixed pay after Brexit, with a JP Morgan banker with $1 million fixed pay can now earn $10 million in bonus instead of only $2 million in bonus under the European Union rules (no longer applies after Brexit).  European Union (EU) had imposed a limit on variable pay capped at 2x of fixed pay for material-risk takers in 2014.  In 2024 May, Goldman Sachs had increased variable bonus limit on UK staff from 2x of fixed pay to 25x of fixed pay.  

“ JP Morgan to Increase Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 10x of Fixed Pay after Brexit, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus Instead of Only $2 Million in Bonus under European Union Rules, European Union Imposed Limit on Variable Pay Capped at 2x of Fixed Pay for Material-Risk Takers in 2014, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay “

 



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JP Morgan to Increase Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 10x of Fixed Pay after Brexit, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus Instead of Only $2 Million in Bonus under European Union Rules, European Union Imposed Limit on Variable Pay Capped at 2x of Fixed Pay for Material-Risk Takers in 2014, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay JP Morgan Hong Kong


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    Originally posted on: https://www.caproasia.com/2024/06/26/jp-morgan-to-increase-variable-bonus-limit-on-uk-staff-from-2x-of-fixed-pay-to-10x-of-fixed-pay-after-brexit-jp-morgan-banker-with-1-million-fixed-pay-can-now-earn-10-million-in-bonus-instead-of-on/?utm_source=rss&utm_medium=rss&utm_campaign=jp-morgan-to-increase-variable-bonus-limit-on-uk-staff-from-2x-of-fixed-pay-to-10x-of-fixed-pay-after-brexit-jp-morgan-banker-with-1-million-fixed-pay-can-now-earn-10-million-in-bonus-instead-of-on