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HSBC To End Fixed-Pay Allowances In 2028 As UK Scraps Bonus Pay Cap

HSBC To End Fixed-Pay Allowances In 2028 As UK Scraps Bonus Pay Cap

RSS excerpt

HSBC will phase out fixed-pay allowances from January 2028, allowing a greater share of affected employees’ compensation to come through performance-linked bonuses.

✦ Single Source 1 news outlet reporting

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