FCA's Martin Wheatley enjoys 15% pay rise

Laura Miller
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Financial Conduct Authority (FCA) chief executive Martin Wheatley saw his total pay deal from the industry-funded regulator rise by an inflation busting 15% last year to £701,000.

The figure, which includes a £92,000 performance fee, "a non-pensionable supplement in lieu of pension contributions" of £41,000 and the provision of a car and driver, makes Wheatley is the highest paid director at the FCA. His bumper pay packet dwarfs that of chairman John Griffith-Jones who received £192,000. Director of supervision Tracey McDermott is the next best paid FCA executive, taking home pay and benefits of £475,000 in the year to March, including a performance fee £20,000 higher than the previous year at £65,000. The figures are likely to anger advisers who have seen t...

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