Wealth Managers' Pay Rises, Beaten by UK Inflation - 05.04.2011
WealthBriefing
Most wealth managers will see their pay rises swamped by rising UK inflation this year, the UK benchmarking and research firm ComPeer has found in its latest remuneration and benefits survey, according to media reports.
The group’s latest six-monthly survey found that middle-office staff logged the largest salary gains, although portfolio managers remain the best paid workers in the sector.
ComPeer surveyed 2,292 wealth management employees in the six months to November last year.
Although the majority of firms expected higher wage rises this year than they did last summer, of between 2.5 per cent and 3.5 per cent, up slightly from 2 per cent to 3 per cent in the previous survey, this will be beaten by inflation, currently trending at more than 4 per cent in the UK.