The three top executives at the Financial Conduct Authority, the City regulator, were paid almost £640,000 last year, says Investment Week. FCA chief executive Nikhil Rathi was paid £228,000 but only took up his post in October 2020- he has agreed to a full annual salary of £455,000. Executive director Christopher Woolard – who acted as interim CEO-was paid
£239,000, and chair Charles Randell got £170,000.

Former FCA chief executive Andrew Bailey, who left in March 2020 to take up his current post as governor of the Bank of England, was due to be paid a bonus of £68,000. He received £27,000 in March 2019, with the remainder to be paid in April last year, but he declined to accept the remaining £40,800. Among the other financial regulators, Mark Neale, head of the Financial Services Compensation Scheme, was paid almost £300,000-£260,000 in basic salary and £32,000 as a bonus.


Kris Paterson is a writer for