FSA bonus rules to affect risk jobs?

The Financial Services Authority (FSA) is looking to extend rules surrounding bonuses and remuneration in a range of firms across the sector, which could affect those in risk management roles.

More than 2,500 businesses, including financial advisers, stockbrokers and hedge funds, are going to be affected by the changes.

Those looking for risk jobs in London may be encouraged to hear the proposals are being considered in light of a crackdown on salaries following the global recession.

Under the plans, staff members will be forced to defer at least 40 per cent of their pay supplements for a three-year period or more, with even larger sums expected for high earners.

According to the FSA - which is to see its duties change under the coalition government - there has been early success with the similar policies.

The code has "resulted in more demanding standards in a number of areas and has shifted the composition of remuneration structures to forms more consistent with effective risk management", it stated.