Directors Bonus

Graeme Wingate made this Freedom of Information request to The Financial Conduct Authority This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Graeme Wingate
Delivered

Dear The Financial Conduct Authority,

In your financial section of your Annual Report 2017/18. There is this section that I quote

"During the period under review, from 1 April 2017 to 31 March 2018, the executive board members and senior executives were eligible to be considered for a performance-related award up to a maximum of 35% of average base salary applying during the previous year. Non-executive directors were not eligible to be considered for an award."

It is earlier (same page) quoted that only 1% of your workforce achieved this 30-35% bonus.

My question is, out of those who were eligible (executive board + Senior execs) for this 30-35% bonus, what percentage (of the executive board + senior execs) actually did?

Yours faithfully,
Graeme Wingate

Link to this Report
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Freedom of Information, The Financial Conduct Authority

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Dear Mr Wingate

 

 

Thank you for your request dated 29 August 2018 under the Freedom of
Information Act 2000 (the Act), for the following information:

 

“In your financial section of your Annual Report 2017/18. There is this
section that I quote

 

"During the period under review, from 1 April 2017 to 31 March 2018, the
executive board members and senior executives were eligible to be
considered for a performance-related award up to a maximum of 35% of
average base salary applying during the previous year. Non-executive
directors were not eligible to be considered for an award."

 

It is earlier (same page) quoted that only 1% of your workforce achieved
this 30-35% bonus.

 

My question is, out of those who were eligible (executive board + Senior
execs) for this 30-35% bonus, what percentage (of the executive board +
senior execs) actually did?”

 

 

Your request has now been considered and I can confirm the answer is no
executives (0%) received a bonus award between 30-35%.

 

 

 

Yours sincerely

 

Information Disclosure Team / Cyber & Information Resilience Department

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Stratford

London

E20 1JN

 

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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: 12 Endeavour Square,
Stratford, London, E20 1JN, United Kingdom

The Payment Systems Regulator Limited is registered as a limited company
in England and Wales No. 8970864. Registered office: 12 Endeavour Square,
Stratford, London, E20 1JN, United Kingdom

Switchboard 020 7066 1000

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

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