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 “
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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