Fund Manager Pay Curbs Seen Unlikely With FCA Lauding Incentives
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Fund managers are entitled to be paid millions of pounds if they’re delivering high returns for investors, the U.K. markets regulator said, the first sign it won’t seek to impose wage caps on the industry.
“What that person gets paid, if it’s 17 million, 7 million or 27 million, if investors’ long-term savings needs are met by that, and that’s better than they could get elsewhere from a person who’s paid a million pounds a year, then for investors, that’s a good thing overall,” Will Amos, the head of investment-management supervision at the Financial Conduct Authority, said in an interview in London. “We’d be comfortable with that.”