HSBC to Phase Out Fixed-Pay Allowances From January 2028
An internal memo seen by Reuters says HSBC will phase out fixed-pay allowances for staff from January 2028, following UK regulatory changes that removed the 2:1 cap on variable-to-fixed pay.
An internal memo seen by Reuters says HSBC will phase out fixed-pay allowances for staff from January 2028, following UK regulatory changes that removed the 2:1 cap on variable-to-fixed pay.