Unite sends FCA boss 'Dear CEO' letter over staff pay and morale

FCA disputes union's figures and says headcount is growing

Jenna Brown
clock • 2 min read

Unite has sent a ‘Dear CEO’ letter to the leader of the Financial Conduct Authority (FCA) to warn of “widespread anger” among staff over pay and morale at the organisation.

The union wrote to FCA chief executive (CEO) Nikhil Rathi today (1 February) over claims management at the watchdog refused to discuss the issues. It said it had conducted a survey of staff in January which revealed dissatisfaction and frustration among workers, with more than half considering leaving their jobs over salary. It added the regulator had "imposed a below-inflation 4.5% pay deal". The survey was conducted online and garnered 500 responses from FCA workers, members and non-members of Unite, from across the country, according to the union. Unite's letter to Nikhil Rathi ...

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