The revelation came in response to a written parliamentary question to the Treasury from Conservative MP Richard Fuller, which was referred to the FSA.
Hector Sants, chief executive of the FSA, said: “Our records show that £881,738 has been paid in total as redundancy or other severance compensation to senior executives and directors of the FSA since July 2007.
“We are not able to provide individual amounts as this would constitute personal data of the individuals.”
As well as details about redundancy payments, Fuller also asked for the number of senior executives at the FSA who have been dismissed on grounds of capability or conduct since July 2007.
Sants replied: “No senior executives have been dismissed on the grounds of capability or conduct from 2007 to date.
“By this, we mean termination of contract of employment for either a reason relating to the capability or qualifications of the employee or a reason relating to conduct.”
Earlier this year, it was revealed the FSA’s frontline staff have enjoyed average salary rises of 22% in the past five years as a result of the expansion of the supervision and enforcement divisions.
