BusinessPhoto: NDTV BusinessHSBC to End Fixed-Pay Allowances in 2028 After UK Bonus Cap Removal
HSBC will stop fixed-pay allowances for employees from January 2028, shifting to a compensation model focused more on performance-linked pay. This change follows the UK's removal of bonus pay caps for bankers. The bank said base salaries will remain unchanged, but a larger share of pay will be variable, rewarding individual performance more effectively.
NDTV Business·



