Survey finds 80 per cent of City is upbeat about bonuses

EIGHT out of ten financial services professionals in London expect to receive a similar or higher bonus for this year compared to last year, as optimism within the sector grows.<br /><br />The figure compares to 63.5 per cent who believed they would be paid the same or higher when asked a year ago, according to research published by recruitment firm Morgan McKinley today.<br /><br />But the firm warned that the statistic does not herald a &ldquo;return to boom times&rdquo;, adding that these expectations still need to be measured against the actual payouts early in 2009.<br /><br />&ldquo;This (statistic) must be seen in the context that last year&rsquo;s bonus payouts were at suppressed levels compared to the previous two years,&rdquo; said Morgan McKinley managing director Andrew Evans.<br /><br />The survey of 200 financial professionals in the capital found that 18 per cent of respondents did not expect to receive a bonus. Seven per cent said that was because their employers were not paying any. <br /><br />Nearly 30 per cent said that their employer had implemented, or was planning to implement, changes to their staff compensation schemes.<br />