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PPI at Lloyds was as clear a case for applying clawback as one could imagine.
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But they have tended to be less enthusiastic about actually applying clawback and telling recipients they won't receive what they thought they would get.
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Applying for Jobs Q.
The nasty clawbacks applied to pensioners who earn slightly more than the current thresholds will also disappear.
She adds that a fear of "clawback" had also deterred her from applying.
The small print in the annual report showed that the clawback had applied at the same rate as in 2011 for the PPI scandal when Daniels had 40% of his bonus clawed back and four of his boardroom colleagues lost 25% each.
"We see repeated regulatory and legal settlements coming out of corporate treasuries but rarely have we seen any indication of clawbacks being applied," Mr. Zdrazil said.
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Second, many programs try to strengthen job creation effects by allowing "recapture" or "clawbacks" of credits if net job creation is lower than required for payment of the credit.9 We would expect a recapture mechanism to lead to more effective credits, by either enforcing job creation goals or encouraging only firms that could actually meet them to apply for credits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com