Financial Conduct Authority (FCA) chief executive Martin Wheatley saw his total pay deal from the industry-funded regulator rise by 15% last year to £701,000.
The increase is in part driven by the award of a £92k performance-related payout. Wheatley did not receive a bonus for the previous financial year due to the regulator's handling of its closed book life insurer review. The figure also includes "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. The increase is in part driven by the award of a £92k pay His bumper pay packet dwarfs that of chairman John Griffith-Jones, who received £192,000. Director of supervision...
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