FSA splashed out £638,500 on tea and biscuits
Discussion
Introducer Today said:
The FSA spent £638,500 last year on coffee, tea and biscuits plus other hospitality for meetings held at its Canary Wharf offices.
The information has come to light after yet another Freedom of Information request.
A statement from the FSA said that it provides a hospitality service for meetings at its premises: “This can range from providing tea and coffee to hosting breakfast or lunch meetings, through to more formal dinners and catering for seminars.
“The FSA hosts thousands of such meetings a year, with a wide range of external guests.”
The FSA, which spent £40,230 on external hospitality in 2009, has recently announced fee inceases, to the fury of the financial services community, who entirely pay for the regulator to be funded. Next year, its bill for funding will be £454.7m.
Three years ago, in July 2007, the leaving party for former FSA boss John Tiner cost £21,100.
Last week’s story on Introducer Today drew angry comments from readers, after a Freedom of Information request revealed that over 200 FSA staff get more than the £142,500 that David Cameron earns as prime minister.
Other Freedom of Information requests have revealed that the FSA spent £16m on consultants last year, £163,000 on art for its offices, and £150,000 on staff who complained they had been bullied.
Astonishing! I work in a regulated industry, and our FSA fees are doubling this year! The information has come to light after yet another Freedom of Information request.
A statement from the FSA said that it provides a hospitality service for meetings at its premises: “This can range from providing tea and coffee to hosting breakfast or lunch meetings, through to more formal dinners and catering for seminars.
“The FSA hosts thousands of such meetings a year, with a wide range of external guests.”
The FSA, which spent £40,230 on external hospitality in 2009, has recently announced fee inceases, to the fury of the financial services community, who entirely pay for the regulator to be funded. Next year, its bill for funding will be £454.7m.
Three years ago, in July 2007, the leaving party for former FSA boss John Tiner cost £21,100.
Last week’s story on Introducer Today drew angry comments from readers, after a Freedom of Information request revealed that over 200 FSA staff get more than the £142,500 that David Cameron earns as prime minister.
Other Freedom of Information requests have revealed that the FSA spent £16m on consultants last year, £163,000 on art for its offices, and £150,000 on staff who complained they had been bullied.
SRC: http://www.introducertoday.co.uk/News/Story/?story...
Another useless quango soon to be consigned to the scrap heap - though they were still peddling their rubbish on Dispatches earlier this week (and timed nicely to coincide with Osborne's announcement on BoE supervison of banks?)
And not the first time they have been accused of double-standards.
"I don't not know who this person is... but the FSA bonuses are a small amount of performance-related pay"
http://news.sky.com/skynews/Home/Business/Lord-Tur...
And not the first time they have been accused of double-standards.
"I don't not know who this person is... but the FSA bonuses are a small amount of performance-related pay"
http://news.sky.com/skynews/Home/Business/Lord-Tur...
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