The FSA's annual report has revealed Hector Sants' total remuneration was £623,170 for the year 2008/9, although this was lower than the £661,948 he received in 2007/8.
This comprised a salary of £478,000 and other benefits totalling £145,170. However, the chief executive declined to take his bonus award of £130,000 during a year when the FSA has been heavily criticised for its failure to prevent the banking crisis. Lord Adair Turner's total remuneration for the period 20/09/08-31/03/09 was £246,546, made up of salary of £219,000 and benefits totalling £27,346. Jon Pain, appointed managing director retail last August and the man in overall charge of the RDR, took home £312,289 this year including a bonus of £30,000. The report also revealed the FS...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
