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FSA job offer raises eyebrows in industry

A recent Financial Services Authority job advertisement for a chairperson on its regulatory committee who can expect to earn £150,000 for just three days&#39 work has raised eyebrows in the industry.

One anonymous broker says: “Good work if you can get it.This is another insight into the FSA. It&#39s good to know that our money is being invested wisely.”

The advert in the national press says: “It is seldom that opportunities arise to work at the forefront of financial services regulation.”

It adds that the applicant should have a legal background, business awareness and an understanding of the wider implications of regulatory work.

But some brokers believe a job of this nature merits a substantial salary. Neil Franklin, partner at Franklins Financial Services, says: “I&#39m not sure it&#39s enough, I can think of easier ways to make money. I&#39m not sure I envy the person who gets this job.”

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