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The Financial Conduct Authority (FCA) is registered as a limited company in England and Wales No. 1920623. Registered office: 25 The North Colonnade, Canary Wharf, London E14 5HS, United Kingdom

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Switchboard 020 7066 1000

Web Site http://www.fca.org.uk (FCA); http://www.psr.org.uk (the Payment Systems Regulator Limited)

Telephone:  020 7066 8080

Email:         [1][FCA request email]

 

Our ref:        FOI5281

 

Dear Mr Wingate

 

Freedom of Information : Right to know request

 

Thank you for your request under the Freedom of Information Act 2000 (the
Act), for the following information:

 

“I would be grateful if you could release details concerning bonus
payments / and / or performance related payments to FCA staff members.

 

I would be grateful if you could break these down in

 

1) Total bonus payments paid by the FCA

2) The highest bonus payment made to any single member of staff

3) The lowest bonus payment made to any single member of staff

 

Also if you could tell me any details about how one would achieve these
bonus payments, what are the metrics for them.”

 

Your request has now been considered and the relevant information is
below.

 

For point 1, the total bonus payments made was £26.3m against a budget of
£26.4m. We regularly publish information about bonus payments, the most
recent information is set out in pages 96 – 97 of our [2]annual report.

 

For points 2 and 3, I can confirm the highest bonus payment was £65,000
and the lowest bonus payment was £200.

 

The FCA bonus scheme does not have one set of metrics used to determine a
bonus payment.  Further details about the FCA bonus scheme can be found on
Pages 154-156 of the [3]FCA Staff Handbook.

 

 

Yours sincerely

 

 

Information Disclosure Team / Cyber and Information Resilience Department

[4]cid:image003.jpg@01D04D1A.B7D20FF0

Financial Conduct Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

 

Tel:    +44 (0)20 7066 8080

[5]www.the-fca.org.uk

 

 

This communication and any attachments contain information which is
confidential and may be subject to legal privilege. It is for intended
recipients only. If you are not the intended recipient you must not copy,
distribute, publish, rely on or otherwise use it without our consent. Some
of our communications may contain confidential information which it could
be a criminal offence for you to disclose or use without authority. If you
have received this email in error please notify [email address]
immediately and delete the email from your computer. Further information
on the classification and handling of FCA information can be found on the
FCA website
(http://www.fca.org.uk/site-info/legal/fc...).

The FCA (or, if this email originates from the Payment Systems Regulator
Limited, the FCA on behalf of the Payment Systems Regulator Limited / the
Payment Systems Regulator Limited) reserves the right to monitor all email
communications for compliance with legal, regulatory and professional
standards.

This email is not intended to nor should it be taken to create any legal
relations or contractual relationships. This email has originated from the
Financial Conduct Authority (FCA), or the Payment Systems Regulator
Limited.

The Financial Conduct Authority (FCA) is registered as a limited company
in England and Wales No. 1920623. Registered office: 25 The North
Colonnade, Canary Wharf, London E14 5HS, United Kingdom

The Payment Systems Regulator Limited is registered as a limited company
in England and Wales No. 8970864. Registered office: 25 The North
Colonnade, Canary Wharf, London E14 5HS, United Kingdom

Switchboard 020 7066 1000

Web Site http://www.fca.org.uk (FCA); http://www.psr.org.uk (the Payment
Systems Regulator Limited)

References

Visible links
1. mailto:[FCA request email]
2. https://www.fca.org.uk/publication/annua...
3. https://www.fca.org.uk/publication/corpo...
5. http://www.the-fca.org.uk/