A government minister has joined the growing number of voices expressing concerns about Money Advice Service chief executive Tony Hobman's remuneration package.
In December, MPs on the Business, Innovation and Skills (BIS) Committee said his pay before benefits of £250,000 a year created a perception of "extravagance" at a time of pay restraint and called on the government to raise the issue with the Financial Services Authority (FSA).
Speaking to Credit Today, business minister Norman Lamb questioned whether Hobman (pictured) deserved the remuneration package.
"I have a question mark over whether one can justify that level of salary when you compare it with the Prime Minister and so forth," he said. "It is not for me to reach conclusions on that but I have concerns.
"We have discussions with the Treasury about all sorts of things, and it is something I would be perfectly willing to talk to my Treasury colleagues about."
In its March report on debt management, the BIS Committee had pointed out that Hobman's salary was £100,000 in excess of the Prime Minister.
Earlier this year, it was revealed that the senior management team at the Money Advice Service shared a bonus of more than £100,000 in 2010/11, when it was still known as the Consumer Financial Education Body.
The service took over the coordination of debt advice at the beginning of April, at the government's request, and now has total budget of £80.8m.
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