Who Regulates the Regulators?

monopoly-banker

Kerching over the Financial Conduct Authority:

Financial Conduct Authority (FCA) chief executive Martin Wheatley was paid a total of £610,000 in the year to 31 March, with a basic salary of £460,000, figures published today show.

Wheatley’s total remuneration, which includes salary, benefits and pension, was lower than the £667,000 he received in the previous year.
The other FCA executive directors – Clive Adamson, Tracey McDermott and Lesley Titcomb – were paid £364,000, £329,000 and £315,000 respectively. As well as a £460,000 basic salary, up on the £430,000 he picked up in 2012-2013, Wheatley’s total remuneration comprised £109,000 in benefits – including access to a car and driver – and £41,000 towards his ‘pension’. Wheatley is not a member of the FCA’s pension plan, and received this amount as a non-pensionable supplement. FCA chairman John Griffith-Jones, in the role since April 2013, received total remuneration including pension of £192,000.

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