The Financial Conduct Authority (FCA) has published its annual reports and accounts for 2018/19, reporting that income exceeded operating costs by £25.4m.
The excess income allowed the FCA to pay down 30% of its accumulated deficit, which now stands at £61.5m.
However, at a staff level, sizeable pay gaps persist for female and ethnic minority employees, as well as between executive members and non-executive staff.
Anticipating criticisms, FCA chair Charles Randell wrote: “As we transform the
The editorial team get their teeth into the top stories.Subscribe to our daily newsletter for all the latest news
- FCA warns of Moneysupermarket clone
- Documents reveal government actuary recommended a 0.25% discount rate
- Construction firm unable to find insurance due to lack of capacity
- Fact file: What’s the story with the Ogden Rate?
- Hastings expects £8.4m hit from Ogden rate change
- Insurers disappointed by the new discount rate
- Blog: What is JCT 21.2.1 insurance, and who needs it?