FCA to increase salaries of lowest paid staff in new employment offer

The new offer, which follows a consultation among FCA workers and the watchdog's Staff Consultative Committee, will also see salary and performance-related pay increase by an average of £5,500. Employees who meet their performance targets - which tends to be 85% of the FCA's workforce - will see salary increases of 5% this year and 4% in 2023. Pay increases also come alongside higher pension contributions and "flexible benefits", according to the regulatory body. While those who do not meet performance targets will be "given assistance" to meet their objectives, employees who manage to d...