SFO seeks 50% staff pay rise to match FSA

Highest-paid experts at the taxpayer-funded SFO make only about half of what their counterparts at the FSA do, the Financial Times reports. Staff at the industry-funded FSA earn as much £140,000 a year. "I am concerned about the comparability of salaries for people who can move easily between the enforcers and the regulators," Richard Alderman, director of the SFO said. "I do not want to see the very good people we have in this organisation disadvantaged." Alderman has had his budget cut from £53m in 2008 to £34m this year. The FSA's enforcement division alone boasts a budget...