A Freedom of Information Request, from web portal Cherry, found that 198 staff earn between £100,000 and £199,999, while 11 earn between £200,000 and £299,999 and four earn more than £300,000.
According to the FSA’s last annual report in 2009, chairman Lord Adair Turner earned £219,000, chief executive Hector Sants earned £478,000, wholesale managing director Sally Dewar earned £290,000, retail markets managing director Jon Pain earned £240,289. In 2009, executive director and non-executive director remuneration at the FSA totalled £2.9m.
The freedom of information act note would not specify as to where the earners worked within the regulator.
The FSA also revealed that turnover has reduced from 13.1 per cent in 2007, to 9.2 per cent in 2008 and 4 per cent in 2009. Since 2007, 35 employees earning a six-figure salary have left the FSA for a variety of reasons.