Finance service say gap between rich and poor is too great
- Published on Monday, 07 November 2011 16:14
- Posted by Scott Buckler
The survey of 515 professionals working in the Financial Services sector in London carried out online by ComRes between 30th August and 12th September 2011 also found that:
· The majority of FS professional think that bankers, stock brokers, FTSE 100 chief executives, lawyers and city bond traders are paid too much.
· 'Salary and bonuses' are the most important motivation for professionals working in the FS sector in London for 2 in 3 (64%) participants. 'Enjoyment of the work' comes a distant second.
· 75% agree that there is too great a gap between rich and poor.
· Only 14% of respondents correctly indicated the motto of the London Stock Exchange ("My Word is My Bond").
· Many are not familiar with what happened after the financial 'Big Bang':
1 in 3 disagree that the financial markets were deregulated
More than two-thirds (69%) did not know that the financial Big Bang happened in 1986.
· The majority of respondents feel that their companies maintain high ethical standards that are broadly in line with their personal moral standards.
Commenting on the survey Revd Michael Hampel, Canon Precentor of St Paul's Cathedral, said:
"Action is a crucial goal of the protest camp outside St Paul's Cathedral. We hope that the telling findings of this report can provide a solid foundation for future engagement and highlight issues where action might be of mutual concern for all sides of the debate."
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