From the Editor: The pay wars

Staff at the FSA can earn as much as £140,000 a year while SFO staff are looking at half this level, prompting fears of a skills drain to Canary Wharf. The FSA’s enforcement division alone has a budget of £68m and about 450 staff, compared with the SFO’s total staffing of 300. Director of the SFO Richard Alderman said: “I am concerned about the comparability of salaries for people who can move easily between the enforcers and the regulators. I do not want to see the very good people we have in this organisation disadvantaged.” The debate angered many advisers on our sister site IFAonl...