The FSA's frontline staff have enjoyed average salary rises of 22% in the past five years, as the watchdog has beefed up its supervision and enforcement divisions.
FSA figures show the average salary for rank and file staff for the fiscal year ended in March 2010 was £51,232, the Financial Times reports. This is up 6% from 2009 and 22% from 2005-06. The figures do not include data for the current fiscal year, which ends this month. Senior management salaries rose 14%, from £206,391 in 2005-06 to £236,950 in 2009-10. The consumer prices index rose almost 14% during the same five-year period. The biggest salary gains came in the enforcement division, where Margaret Cole, now an FSA managing director, brought in experienced investigators and law...
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