Bankers’ bonuses may not match expectations, says Eversheds

Eversheds has commented on the news that the majority of UK bankers expect to receive a larger bonus in 2013, warning that bonuses may not match expectations.

Paul Fontes, partner at the law firm, said: ‘While expectations regarding bonus pay-outs for 2013 may be rising, the political environment and public perception means that banks will remain under pressure to keep pay-outs within reasonable limits. As banks prepare for the introduction of the bonus cap in 2014, senior staff may simply get generous rises in fixed pay rather than a big increase in their bonus for 2013.’