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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

FCA’s pay levels ‘could force its staff to rely on hardship fund’

signage for the Financial Conduct Authority
The Financial Conduct Authority says it offers one of the best employment packages among UK regulators. Photograph: Toby Melville/Reuters

Staff at the UK’s financial regulator could be forced to rely on a hardship fund to make up for their “objectively low pay”, according to a union.

Unite said a failure to address the salary shortfall at the Financial Conduct Authority (FCA) risked embarrassing the watchdog, whose workers supervise some of the country’s largest banks and wealth managers.

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