Tiner was paid £652,577 in 2007, compared to £572,619 in 2006, comprising a salary of £430,000, a performance related bonus of £95,000 and other benefits totalling £127,577.
Tiner will leave the FSA in July but will remain a formal employee of the FSA, on full pay, until January 2008. He will therefore be paid around £325,000 whilst on gardening leave.
McCarthy was paid a total of £433,565 in 2007, compared to £436,142 in 2006. As with previous years he requested not to receive a performance bonus.
The three managing directors saw large increases in total pay. Clive Briault saw a 7.5 per cent increase in pay, from £379,540 to £408,029, David Kenmir saw a 13 per cent increase, from £383,121 to £433,453 and Hector Sants saw an 8 per cent increase, from £445,303 to £482,829.
Total executive remuneration for 2007 was up 8 per cent at £2,410,453 compared to £2,216,725 in 2006.
McCarthy says: “During his time as Chief Executive, the management structure and systems of the FSA have been substantially altered and improved, and we have made strides towards becoming a much more outcome- focused, more productive organisation. All of us will miss him, none more than I.”