Brexit has been blamed for pay in the UK asset management industry flatlining as remuneration globally in the industry rises.
UK employees took home average pay of $134,000 (£99,000) in 2017, the same figure as the previous year, according to salary benchmarking company Emolument.
In contrast, US asset management workers saw pay increase 7.3 per cent from $150,000 to $161,000 over the same period, the Financial Times reports. In Europe, pay rose to €111,000 ($133,000) from €106,000 in 2016.
Globally total pay rose an average 5 per cent in 2017 with buoyant markets driving up fund manager revenues.
However, in the UK, companies are keeping a tighter control on their cost base until the impact of Brexit becomes clearer, the Financial Times reports.