FSA bosses Sants and Turner paid £0.5m for gardening leave

fsa-hector-sants

The Financial Services Authority paid its former chief executive Hector Sants and chairman Adair Turner a total of £552 178 in compensation for being unable to take on another financial services role.

Sants, pictured, resigned on 30 July, receiving a salary of £184,615 for the financial year up to that point, but was paid a further £300 178 in compensation for being unable to start work at a new

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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