FSA report details over £500,000 pay-off for Turner and Sants
The final annual report from the Financial Services Authority (FSA) has detailed that chairman Adair Turner received £252,000 when his contract ended while executive director Hector Sants received £300,178.
The figures for the financial year ended 31 March 2013, showed that Turner was paid £785,153 in total, up from £500,474 the year before.
According to the report Turner received the £252,000 payment in April "as compensation for termination of employment as he was restricted in respect of taking paid employment for a period of six months from April 2013 to September 2013."
His fixed-term contract, which was stopped on 31 March 2013, was due to end on 19 September.
Sants, who resigned as chief
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