The Scotsman cartoon: Lloyd’s Banking Group fined

Illustration: Iain Green

Illustration: Iain Green

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Lloyds Banking Group was fined £28 million over incentive schemes that put advisers under pressure to hit sales targets or face demotion.

The FCA said the Lloyds bonus schemes had worrying “higher risk” features, which offered the potential of an automatic promotion and pay rise.

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Lloyds hit with £28m fine for ‘champagne’ bonuses

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