FCA reveals top exec salaries after Bailey declines bonus

Detailed in annual report

Sophie King
clock • 2 min read
Ex-FCA chief Andrew Bailey chose not to take the second part of his bonus.
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Ex-FCA chief Andrew Bailey chose not to take the second part of his bonus.

Top executives at the Financial Conduct Authority (FCA) took home almost £640,000 in collective salaries for the year ending March 2021.

In its Annual Report and Accounts published on Thursday (15 July), from 31 March 2020 to 31 March 2021, FCA chair Charles Randell took home a salary of £170,000. FCA chief executive officer Nikhil Rathi earned £228,000 for that year but at the time of his appointment last year, he agreed an annual salary of £455,000. Executive director Christopher Woolard received £239,000 from March 2020 to March this year. For their pensions, Rathi can expect £29,000 to head into his pension pot while Woolard will get £15,000. Ex-FCA chief Andrew Bailey, who resigned from the regulator in March l...

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Sophie King
Author spotlight

Sophie King

Professional Adviser journalist from 2018-2021

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