The City watchdog is enlisting the services of spinners from one of the Square Mile’s top PR firms.
FTI Consulting have been paid more than £460,000 to provide communications support for the Financial Conduct Authority (FCA) at a time when the regulator is dealing with staff concerns over pay reforms.
The news was first reported by The Sunday Telegraph.
The FCA reportedly approached FTI Consulting after it did not receive any bids for the consultancy role.
A spokesman for the FCA told The Sunday Telegraph: “FTI are providing communications support as part of our ambitious transformation programme to becoming a more proactive, data-led regulator. The board was not involved in their appointment.”
Workers at the FCA have been pushing to unionise in recent months due to concerns over pay grade changes. Employees launched a formal petition for union recognition in October.