F&C Investments is calling for bonus awards to be linked to a company's financial strengthOne of the City's biggest fund managers is calling on the leading banks in Britain to reform their pay practices amid concerns of a regulatory backlash against bankers' pay.
F&C Investments said it was contacting 50 banks to warn them of the risk to their reputation, not just from high pay of chief executives but across the organisation. It came as a study by the Share Centre found that 95% of institutional investors believed pay was too high across all leading companies, not just the banks.
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