By Jonathan Davies

Senior workers in London's financial services sector expect to see their bonuses go up by an average of 21% in 2015, according to new research.

Recruitment firm Astbury Marsden said it would mean the average bonus rising to £124,680.

Adam Jackson, a director at the firm, said confidence in the sector will translate into bigger bonuses next year.

"Business conditions in the City have improved significantly over the last year," Mr Jackson said.

"Despite shareholder and public pressure to limit bonuses and with the EU bonus cap now set to be introduced at the start of 2015, City staff clearly feel that their employers are in the position to reward them well."

The European Union is set to introduce a new law which limits bankers' bonuses to 100% of their fixed annual salary. So if your annual salary was £100,000, your bonuses would not be more than £100,000. But it could be 200% more, with shareholder approval.

Those working in the private equity sector are set for the biggest bonuses in 2014, Astbury Marsden found.

Staff in the sector are expecting an average bonus of£145,625, which would be 115% of their average salary.

It appears bonuses are a central factor in job satisfaction within The City; half of those surveyed said they would change roles if they weren't happy with their bonuses. Fifty-four percent said they'd change their job and even the employer entirely, if the bonus wasn't big enough. That compares to 45% in 2013.

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