DWP cuts salary of Pensions Regulator chair by 20%

However, the successful candidate will still receive a huge salary of £57,000 for working two days a week. Norgrove - who will stand down from his role on 31 December this year - is currently paid £110,000 for three days a week at the pensions watchdog, according to figures published by the Cabinet Office earlier this year. Towers Watson senior consultant David Robbins says the new salary will be identical, on a pro rata basis, to Prime Minister David Cameron's £142,500 pay package. He says the decision was "almost certainly" driven by Chancellor George Osborne's insistence that an...