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...
17% increase on last year
From December 2020 to March 2021
Extended to 31 March 2021 for solo-regulated firms
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%