Nearly a third of FSA staff disgruntled over pay

What a non-story. I'd've thought one third of ALL employees are disgruntled with pay.

Surprised that the figure is only a third?

Newsflash: just over 30% of turkeys are not happy about Christmas either

Hardly a revelation, and I doubt the £21.9 million bonus was split evenly through 25% of the workforce.

BOO HOO!! Leave and get a proper job where u create something.

At an average wage/bonus of £130,880 what are they complaining about?

I think the Governement want the highest paid emplyee to be paid no more than 20 times the lowest paid

As Hector sants earns £600000 a year that would mean Minimum is £30000 wow and we pay their salaries too

turkey comment lol

if you cant stand the heat then FRO to another job you set of numpties

My heart bleeds. They should try being the people they regulate instead. Because of their wonderful "RDR" most of us IFA's have taken a 40% fall in pay.

Dear FSA staff,

If you think your pay and conditions are poor try comparing it to that of those who work for one of the many networks! Then you'll get perspective.

Maybe, just maybe, they would be better paid if they were better qualified to do their jobs. They should be thankful they are not on performance related pay!

And I'm going anonymous as we've heard it doesn't pay to put your name to critical comments about the FSA

If the FSA had competion in all the key operational areas they would be out of business within 6 months. I am in total favour of regulation and balanced meaningfull consumer protection. But it does not reside at the FSA.

No one is asking you to stay - you could always stack shelves at Tesco then you would really know what low pay is about!

I made a 6k loss last year, which meant that I had to dig into savings and investments just to live. Thanks to the FUBAR from the FSA in not regulating the banks properly.

My heart bleeds for them. Not.

This could be the percentage of staff who are only paid the standard wages for their positions and see other people in the building earning fortunes and who are no more capable than they are?

Not everyone in the FSA will be bad or useless, unfortunately we only see the high profile overpaid wasters who dont understand the industry.

The others should speak up.

the biggest quango of the lot and there disgruntled, they want to try being self employed.

This was written just to attract clicks: oh! I clicked; drat.

Having just read Mervyn King's comments about regulatory pay proposals I would guess that they are going to get a lot more brassed off pretty soon.

I think it is high time that Merv (good on him) pointed out the blindingly obvious – that working for a Quango is a PUBLIC SERVICE and as such is not the place to go if you want to make your fortune. So piggies with snouts will have to look elsewhere – and boy will they be surprised – they will actually have to work for their money.

On the other hand if you want a gong………..

Funny how this sort of news can create such a heartfelt outpouring of affection from the IFA community.

Why not let the disgruntled leave and cut back the organisation closer to the size it ought to be. And at the same time change the final salary pension to a stakeholder so they can all suffer the product they have been espousing so enthusiastically.

I agree with all of the above! I also made a loss last year and had to rely on savings even though I work full time (and more).

When you work through a network, they are the only people to get guaranteed income, my costs (including regulatory ones have to be paid whether or not I earn any money). In this situation, you are actually 'paying' to advise the public and getting slated by the FSA and media into the bargain. The trouble is, I love trying to help my clients! How sad is that!

The regulator is bankrupt financially and morally.

Sadly this is to be expected of so many public sector staff who have delusions of their own ability and equally believe the private sector's grass is always greener. The 44% at the FSA who think they are fairly paid are dead right. Too fairly, at the cost of us IFAs. They should try the real world - hard graft, job insecurity, thinking on your feet.

I wonder when the people at the FSA will visit the planet Earth!?

Yeah ~ if you think you're underpaid by the FSA, then seek a better paid job elsewhere and you may find out that nobody out here in the real world agrees with you.

It took two requests and six weeks just to get someone at the FSA to correct our e-mail address on their register (which they'd got wrong, not us).

Your not well liked at the FSA, are you?

nice pcps pension scheme

paid hols

sick pay

surf t'internet all day

have a bad day make some poor bugger pay

expanding organisation with career opps

etc

if I was one of them looking at city Toffs earnings wads of cash I too would be fed up. The public sector believe that we in the private are either making loads of dosh in bonuses or just lucky to have a job.

No one seems to have mentioned what the cost of this survey was? I take it that Ipsos Mori were paid for their work by....... you and me of course.

So I have to pay to learn that one third of the FSA staff don't think they are paid enough and that 44% either believe the FSA leadership isn't good enough or can't make their minds up.

Seems like a very good use of funds to me.

I am unhappy with the fact that because of all their stupid regulation and box ticking i find i spend less t ime with clients and so my income goes down to pay for thier salaries

Oh I wish they operated in the real economy

The cost of the FSA with all the changes they have wanted (and even dropped) has cost the industry Trillions of ££££ over the last 10 years and still they have failed in many respects.

All these costs are reflected in charges to the consumer. The costs of paying wages including Saint Hectors 108k bonus (to give to charity allegedly) is just a cost to consumers as well.

These people are supposed to be there to protect the consumer but we have seen so many things not in the consumer's interest.

Increased costs being passed on

Lack of competition as many institutions have withdrawn products or withdrawn completely

Banks allowed to fail spectacularly

RDR - oh dear, lets not let the peasants get good financial advice any more

Self-employed - loss of self cert mortgages

Snouts in the trough from the "public purse"

All in all an absolute bloody scandal.

Oh no!!

These poor people.

I am traumatised by their dilemma and have to go home now because I can't concentrate on my work.

Do me a favour PLEASE!!

I wonder if the FSA remembers performance related pay. If that was the case none of them would get paid!

£305.3m divided by 3,000 (employees) works out an an average annual remuneration package of a little under £102,000. The average annual UK remuneration package is, I think, a little over £25,000. Go figure.

If all of the above answers were on a consultation paper, I wonder what the outcome might be.

It seems fairly obvious that the whole IFA community feels as if it is being treated pretty unfairly which is somewhat ironic considering the organisation in question. If clients lose their advisers because of the regulations, is this to be considered a fair outcome?

Answers on a postcard please to H. Sants @ Canary Wharf!