Increase FSA salaries by 50%, say headhunters

The firm said there was a particular need for higher salaries among staff paid between £100,000 and £250,000 as they have the experience to lead teams and stand up to the banks and carry out tougher, more interventionist regulation. It added the regulator would need to increase its budget by around 35% to ensure the recruitment of quality staff, the Financial Times reports. Nick Hedley, founding partner at Hedley May, said: "The good £250,000 person can move for £500,000 and the good £100,000 person can move to the private sector for £200,000. You need to close that gap. "There are...