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.

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...

To continue reading this article...

Join Investment Week

  • 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

Join now


Already an Investment Week


Sophie King
Author spotlight

Sophie King

Professional Adviser journalist from 2018-2021

More on Regulation

Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
The main risk warning rules come into force on 1 December 2022, with the remainder landing on 1 February 2023.

FCA warns alternative investment firms of increasing scrutiny

New risk warning rules due in December

clock 10 August 2022 • 2 min read
Janine Hofer-Wittwer CFA, SIX

MiFID II meets ESG and EU regulation

Tight time frame

Janine Hofer-Wittwer
clock 09 August 2022 • 3 min read