Did the FSA need to offer MAS boss Hobman £350k?
MONEY ADVICE
Appearing before MPs on the Treasury Select Committee last week, Financial Services Authority (FSA) chairman Lord Turner said it was necessary to offer Tony Hobman a pay packet amounting to £350k to tempt him to head up the Money Advice Service (MAS).
His actual total annualised remuneration package in 2010-11 was £364,061, of which £318,114 was paid pro rata as he joined in May 2010, according to written evidence submitted to the committee. Lord...
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