Lord Turner admits MAS boss Hobman's salary 'too high'

The issue was among the key areas of focus of MPs on the Treasury Select Committee sub-committee yesterday, as they continued to take evidence as part of an inquiry into the service. Asked by Conservative MP Michael Fallon whether it was right to award Hobman with a salary double that of the Prime Minister, Lord Turner explained how the figure was reached, taking account his previous remuneration. "It was also set by cross reference to the then salary and remuneration as head of the FSCS, which was seen as the nearest comparable body," he said. "I do support what MAS has subsequent...