You are here: Home - Credit Cards & Loans -

FCA chief Wheatley paid £610k in 2013-2014

0
Written by:
10/07/2014
Financial Conduct Authority (FCA) chief executive Martin Wheatley was paid a total of £610,000 in the year to 31 March, with a basic salary of £460,000, figures published today show.

Wheatley’s total remuneration, which includes salary, benefits and pension, was lower than the £667,000 he received in the previous year.

The other FCA executive directors – Clive Adamson, Tracey McDermott and Lesley Titcomb – were paid £364,000, £329,000 and £315,000 respectively.

As well as a £460,000 basic salary, up on the £430,000 he picked up in 2012-2013, Wheatley’s total remuneration comprised £109,000 in benefits and £41,000 towards his pension. Wheatley is not a member of the FCA’s pension plan, and received this amount as a non-pensionable supplement.

The figures appear in the FCA’s annual report for 2013-2014.

The report confirms the regulator’s remuneration committee agreed not to award bonuses for the year to 31 March 2014, pending the publication of an independent investigation into the handling of the FCA’s announcement of proposed supervisory work in the life insurance market. They may be reinstated, however, pending the outcome of the investigation.

Treasury Committee chairman Andrew Tyrie said the regulator may have made an “extraordinary blunder” over its handling of the affair.

 

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week