Jon Pain to leave FSA

I presume he will be leaving with a large pay off whilst he awaits his "golden hello" payment when he changes hats.

A diminished role is FSA speak which means that someone needs to be financialy compensated

The FSA dividing itself up means lets make this an excuse to give everybody a large pay increase

For just 2 years service he should get nothing!

All jobs change and that does not mean compensation with our money or is this is a job for the boys & girls?

Lets hope it is the useless ones who are going and not the quality ones sick of being made to look stupid by their bosses.

Pain by name, pain by nature. One more rat leaving the sinking ship only to find himself an equally lucrative berth (with bonuses no doubt) and collecting his leaving remuneration (probably tax free) to ensure a worry free future. Unlike us who are still waiting for some sort of justice!

Why not look on the positive side for a change?

I always had the impression that Mr. Pain was over promoted beyond his ability and capability.

This could show that the FSA are now taking a much harder look at the ability and success (or otherwise) of their personnel. If so this is to be welcomed.

Just so long as the revolving door with KPMG is firmly nailed shut.

That being said - Come back David Kenmir - all is forgiven!

I don't believe that we really know enough about this to comment.

What does he actually do every day???

Harry Katz for Head of Supervision and Compensation at the new consumer protection agency.

We "Keydata Victims" have had our eye on Harry for some time as the man to sort out our problems for us in quick time.

And perhaps he might even decide that the people who designed, set up, managed and benfitted from the raft of interconnected companies under common control into which our savings disappeared was actually a Product Provider and not just a deranged Adviser. This would help to share the Pain about a bit.

At this rate, when Hector finally does jump ship, there'll he no one left to offer his job to above the office janitor.

Hopefully Sheila Nicoll will be the next to go.

"Following the announcement that the FSA will be split in 2012..."

er........ I thought the FSA was being wound up / closed down - whatever you call it. Not split!

Split suggests it will survive. Is Hector telling us that it is going to survive , and just be called by another name? We need to know if ANY of the current FSA staff are to be automatically transferred in to the new consumer protection agency, and the terms. Will they all be given redundancy (at what cost to us) andf then re-emplouyed on new contracts? Mr Osborne wants an open and honest dialogue. Please talk us through the changes in consumer protection.

Please replace the ones who are leaving with people who have worked their whole career in that section of the industry which they are regulating and preferably are in their last ten years of employment like Ofsted do, many in Ofsted are in their last five years of employment after being heads of schools, depts, or deputies all carry loads of experience. This way they all remain 'current' as they cant hold the positions long enough to be out of date.

At least they have a hope of understanding the issues and answering questions from the floor, something the FSA cannot do.

Is not this the man who said on 24th. June" I do believe we acted proactively and decisively with regards to Keydata"