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Will the FCA strike affect its work?

She adds: “A well put together discretionary bonus scheme can also incentivise employees to behave in a way consistent with a firm’s expectations and values, including in respect of diversity and inclusion, which we know is a real focus of the FCA.

"The culture of an organisation and its levels of employee engagement are significant factors that may help to avoid industrial action.

"However, even with the right culture and high levels of employee engagement, industrial action may still occur where there are significant changes to the employer’s remuneration package, which are viewed by the employees as being detrimental.” 

Ima Jackson-Obot is deputy features editor of FTAdviser