Increase FSA salaries by 50%, say headhunters

Sants

If only Hector Sants with his £800k per year hadn't been such a complete and utter failure in his job, then this report may have been given some credence.

Posted by: MarkG

Unbelievable

what world are these people living in, its not the same one as me thats for sure, I thought unemployment was high because there was a job shortage which you would think would keep salaries more realistic and stop the gravy train, my income has gone down by 25% part of this is because of the extra levies by,FSCS, FSA, Advice line, Data Protection, Credit license, PI increases etc etc the list is endless, when we were compulsory signed up for regulation no one said anything about about huge salaries, huge bonuses and final salary pensions, they should not have bonuses or pensions, they should pay for them themselves out of there huge salaries like the rest of us...like the government, councils, NHS and so on they have our money and can do what they like with it and we have no say whatsoever,

Posted by: Geoff

Get Real

IF,and it is a BIG IF, they are good enough to get a higher salary in the private sector, they should go there immediately, what is stopping them? I suspect that it may be becuase to do so will require them to do more than tick boxes. Has the headhunter thought just where WE are going to get 50% extra to put into the gravy train? Perhaps the regulator encouraged them to spout forth this nonsense in the hopes that it looked better coming from them rather than the regulator. Personnally I think the FSA should pay US for having to put up with them!

Posted by: Afia

What world do these people live on

Who does this person thinks pays these peoples salaries? We could all do with higher salaries and argue it might make us do a better job but it won't. They are already in the private sector anyway as they are paid by a levy on those in the private sector not by the taxpayer so it is all a load of rubbish anyway.

Posted by: Michael Fallas

Cynical view?

Interesting that this came from a head hunting consultancy who by nature of their job get paid a percentage of someones salary for recruiting them. Of course they would like to see higher salaries then they could still move them to the private sector, demand even more money for them and subsequently get paid more themselves. Or am I just being cynical?

Posted by: Kev S

Move Out

The FSA should move out of Canary Wharf and relocate somewhere where they can recruit quality people at a sensible price. They may also have a useful understanding of how most people in the UK live, which would be a bonus.

Posted by: Tom Scott

Yeh, sure!

That would be a great idea if we could get rid of about three quarters of the idiots that work there. But that would only leave the cleaners . . . well, maybe not a bad idea after all. Re-hire Old Hector and put him to cleaning the toilets, now there's his real vocation.

Posted by: CHAY