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Aviva Scraps Bonuses, Freezes Pay

Chisel Split Ice

Aviva, the U.K.’s second-biggest insurer, said it won’t pay bonuses to executive directors or award pay rises for 2013 after cutting its second-half dividend by 44%. The shares plunged.

Bonus Cap To Turn U.K. Bankers Against EU

Dunce Cap Hat

European Union plans to curb bankers’ bonuses will push those working in London’s finance industry to join the campaign for Britain to quit the bloc, a leading euroskeptic Conservative Party lawmaker said.

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