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FCA staff fight to unionise over bonus cuts as past attempts ‘shot down in flames’

As changes to pay and conditions take hold, employees aim to fight back by forming a union. Median pay across the FCA is £55,000

Staff at the FCA are looking to unionise as a transformation agenda takes hold
Staff at the FCA are looking to unionise as a transformation agenda takes hold Photo: FCA

Staff at the Financial Conduct Authority are fighting to form a union over plans to cut pay and perks at the regulator amid sweeping changes at the watchdog under new chief executive Nikhil Rathi.

A July flyer entitled We Deserve Fair Pay, seen by Financial News, encourages FCA staff to join Unite, as discussions continue over reforms staff claim could reduce pay by up to 15%.

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