Learn more

By Lars Mucklejohn Union leaders have once again complained about performance-related pay at the City watchdog, saying new grading schemes are “weighted towards punishment” as they continue to balk at reforms to the regulator’s reward structures. Employee union Unite said its members had rejected the FCA’s 2024 pay offer, citing lacklustre sub-inflation pay increases, though only a minority of FCA staff belong to the union. The came after a series of bruising run-ins with unions who staged strikes through 2022 in a dispute over pay and conditions, when chief exec Nikhil Rathi introduced perfor…

cuu