FSA sees increase in staff turnover
The Financial Services Authority (FSA) has seen an increase in the number of staff leaving after the announcement of their twin peaks regulatory model. They said that 430 employees left the regulator last year.
A freedom of information request by Money Marketing magazine shows that the number of staff leaving rose from 330 in 2010 to 430 in 2011, a turnover rate of 11%.
At the end of March 2012, the FSA had 3,385 employees. Of those staff, 320 earn between £200,000 and £299,999 and fewer than 10 earned in excess of £300,000.
April 20, 2012
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