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UK to implement EBA guidelines on role-based allowances paid by banks and investment firms, but hope remains for proportionate approach say experts

European Banking Authority (EBA) guidelines requiring banks and investment firms to change the way they classify 'role-based allowances' (RBAs) paid to senior staff will take effect in the UK from next year, the head of the Prudential Regulation Authority... 20 May 2015

Investors target high contractual payments to departing executives, but a tougher approach to severance pay may be better than shorter notice

FOCUS: Shareholders remain keen to avoid 'rewards for failure' for senior executives, as illustrated by Old Mutual's statement in February that notice periods should be less than 12 months. However, merely reducing notice periods below the current standard... 19 May 2015

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We are independently recognised as one of the best and most experienced teams of employment lawyers in the country. With over 100 employment lawyers (including 20 partners) it is also one of the largest in the country and offers genuine national coverage from offices in London, Birmingham, Leeds, Manchester, Aberdeen, Belfast, Edinburgh and Glasgow.

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