Martin Wheatley, the former chief executive of the Financial Conduct Authority (FCA), had a pay package of more than £800,000 in his final year at the regulator, its annual report reveals.
The report states his full remuneration hit £827,000 for the financial year ending 31 March 2016. He had total pay of £701,000 in 2014/15 financial year and £610,000 in 2013/14. The report said Wheatley (pictured) resigned from the FCA on 17 July 2015 and from the board on 13 September 2015. He continued to be employed by the watchdog until 31 July this year in accordance with his contract, the FCA said. His 2016 figures, it said, include a total contractual amount payable from 1 April to 31 July of £185,767 (£158,333 in basic salary, £13,184 in other benefits and £14,250 in a 9% non-...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
