Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has deferred taking his annual bonus amid the ongoing enquiry into the bungled announcement of an insurance industry investigation.
The BBC reports eight other FCA executives will also see their bonus payments delayed. The briefing to the Daily Telegraph resulted in a massive sell off in insurance company shares. An MP described it as “as extraordinary blunder” at the time. The BBC said the watchdog had not commented on Wheatley’s bonus deferral but more information could be released in its annual report - scheduled for release on 9 July. Last year Wheatley took home bonus of £86,000, the report said.
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