Great FSA staff get a bonus - because they're worth it
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I was interested to read the news last week that staff at the FSA would receive no pay rise and that their bonuses would be frozen at the same rate as last year - 15% of the total salary pot.
This is perfectly dreadful news for the hard working employees at the regulator - no pay rise and a miserly 15% bonus.
Of course, I realise that many ordinary professionals have had to endure their salaries being cut and a good number have simply lost their jobs in the past year.
But it is unreasonable to compare the rest of the financial services sector with the regulator and the unparalleled expertise it maintains, which should always be richly rewarded.
At least a bonus that weighs in at some eight times the rate of inflation should soften the blow and hopefully allow these outstanding professionals to carry on doing a fantastic job without too much financial stress. They’re worth it. Prize may vary from picture
MICHAEL WHITE
EMAIL MORTGAGES
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