Banks are set to make more from advisory fees than ever in their history
This year is already a record for private equity and venture capital sectors. Tech companies in the U.K. attracted more venture capital money than ever in their history, with £26 billion being invested this year, according to data from Dealroom.
One fund manager, speaking on condition of anonymity, just quit after his employer, one of the U.K.'s biggest asset managers, said he had to go back to the office."They either have to let me work from home, or offer me silly money to go back to the office five days a week," he said. The package they offered him, which would have been several hundred million excluding an annual bonus, was not enough.
But even bumper bonuses are not as attractive as they were before the financial crises. In October, the U.K. Treasury decided to keep an E.U. directive which caped bankers' bonuses at 100% of their fixed pay despite Brexit allowing a change to the law.
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