Stephen Sedgwick's year-long review of retail banking remuneration calls for the reform of the variable reward payment and performance management arrangements of all senior and middle level retail banking executives, the Financial Review reports.Sedgwick's report primarily focuses on retail banking staff. But in order to encourage cultural change he makes recommendations in relation to senior and middle ranking executives.A lengthy preview today in the AFR's Chanticleer column has Sedgwick's final recommendations. Sedgwick is a former Australian public service commissioner and his study is one of the pillars of the "Better Banking" reform program of the Australian Bankers Association.Sedgwick recommended the bonuses paid to senior managers be based on their overall performance against a number of measures. These measures should reflect the nature and breadth of their role and should include an assessment of the customer outcome, the adherence to ethical behaviour and other non-financial measures.He called for any holistic approach to assessing the performance of staff to only include a 30 per cent weighting for financial measures and a ban on accelerator reward payments.Sedgwick, the AFR reports, found it would be in the long-term interests of consumers if remuneration for mortgage brokers moved from a commission-based system to a fee-for-service payment funded by the banks.