Asset Management

Brooks Macdonald hikes pay for low earners to combat cost-of-living crisis

Abrdn, Liontrust and SJP have also authorised pay rises for employees amid soaring inflation

Fund managers are looking to keep talent despite a lean trading environment
Fund managers are looking to keep talent despite a lean trading environment Photo: Getty Images

Wealth manager Brooks Macdonald has given its lowest earners a £1,000 pay rise, as pressure ramps up on the City to help employees through the cost-of-living crisis.

Staff at the investment house who are earning £50,000 per year or less received the increase, a source close to the situation told Financial News.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump