News

Financial Service Authority salaries to be frozen for 2010

David Woods , 14 Jan 2010

2ca25a5e-e5b1-b610-890fea402b3c1ae0-jpg

Staff at the Financial Services Authority (FSA) will not enjoy a pay rise this year.

A spokeswoman from the FSA, which employs 3,000 UK employees, told HR magazine: "I can confirm there will be no general pay rises for staff this year. In making the decision, our executives took a number of factors into account including the current economic climate and salary trends."

Although staff could still receive "some incentives based on performance", the organisation's bonus pot has not increased since 2009 and will remain 15% of total salary.

Further reading

 

0 comments on this article

Your comment

Click here to comment

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

In this issue: September 2014
fragment image

Model Leaders – What kind of leaders do we need now? Find out in this special issue

Breaking the Silence – Lucy Adams and the BBC

Take it to the bank – HR in charge as TSB branches off

Save us all – Do collective pension schemes work?

MA Business & Leisure Limited © Copyright 2014, All Rights Reserved