The regulator’s latest report shows that total remuneration for the five-man executive team was £3m in 2011/12, up from £2.7m in the previous year.
Meanwhile, during the same period, they shared £234,000 in performance-related bonuses, although stretched back to January 2011 (but included within the same accounting period), it totalled £307,250.
Out of this total, Hector Sants received £143,750, although he declined it, with the sum instead going to charity The Art Room.
Including his base salary, other emoluments and benefits and his pension, Sants’ total remuneration was £835,731.
Meanwhile, in her last year with the regulator, Margaret Cole took home £615,939, with new managing director Martin Wheatley receiving £399,657.
Total staff costs at the FSA, including travel, training, recruitment and
pension scheme deficit reduction contributions, were £347.9m in 2011/12, compared to the budgeted figure of £360.2m.
