The FCA pays 7 per cent of its employees a basic £100,000 or more a year, a freedom of information request has revealed.
According to the City regulator, it employed 2,899 people under the definition of anyone on a permanent or fixed-term contract as of 13 August. Of these, 194 people had a basic salary of £100,000 or more a year.
The FCA also said that as of 13 August it employed 1,540 people, or 53 per cent of its workforce, on a basic salary of £50,000 or more a year.
The National Management Salary poll, which covers more than 68,000 professionals, found that women earn just 77 per cent of men’s salaries.
The news follows research by the Chartered Management Institute, which found that women in the UK must work until the age of 79 to earn the same a man has made by 65.
Anna Sofat, the founder of London-based Addidi, said: “Older women are less inclined to ask for pay rises and transparency around bonuses. They work hard to prove themselves, but it does not necessarily translate into promotion or better pay.”
The FCA would not comment.
Adviser view
Jeremy Edwards, independent financial adviser for Leicester-based Bankfield Financial Advisers, said: “I struggle with anyone if they think they are worth £100,000 a year or more.”
