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Pay concerns rumble on for FCA staff

City watchdog’s latest employee survey shows only 43% of staff at the markets watchdog rate their pay favourably

FCA staff went on strike for the first time in the regulator’s history when a new pay deal was floated in 2022
FCA staff went on strike for the first time in the regulator’s history when a new pay deal was floated in 2022 Photo: Chris Ratcliffe/Getty Images

Staff at the Financial Conduct Authority remain concerned about their pay packets, the markets watchdog’s latest employee survey suggests, despite improvements in the wake of a landmark overhaul to remuneration.

Results of the regulator’s 2024 polling show that only 43% gave their rewards a favourable score — the lowest scoring category despite a five percentage point improvement on last year. Talent management was the joint second lowest-scoring category at 46% after a three percentage point gain.

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