FSA hands out bumper round of staff bonuses

MORE THAN 80 per cent of employees at the Financial Services Authority (FSA) were handed bonuses during the last four years, with some receiving as much as 35 per cent of their salary.

Since 2006, 84 per cent of FSA employees were given bonuses that ranged from a few pounds to up to 35 per cent of their salary.

Of that, 190 enforcement employees received a bonus of up to 15 per cent of their salary, while 343 employees saw bonuses of up to 35 per cent.

The FSA said the rise in bonuses was essential to retain high-quality people by offering attractive pay packages.

Meanwhile, the number of staff earning more than £100,000 a year has risen from 81 in 2006 to 241 at the end of March this year.