UBS AG is introducing a pay scale aimed at making bonus money a smaller portion of overall pay, according to a memorandum seen Tuesday by Dow Jones Newswires.

"Fixed salaries at UBS should, in the future, be high enough that the variable portion can be adjusted from year to year, while still ensuring that the total compensation is in line with market standards," the memo said. It was first reported in Sunday's edition of Neue Zuercher Zeitung. A spokeswoman for the Zurich bank confirmed the contents.

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