The FCA has opened a consultation on proposed changes to remuneration rules for dual-regulated firms.

Chris Hill, CEO of Hargreaves Lansdown, has taken a pay cut as part of the investment and platform provider’s new remuneration policy.

The Financial Conduct Authority (FCA) has written to remuneration committee chairmen at financial services firms telling them to review pay with diversity and inclusion in mind.

St James’s Place CEO Andrew Croft saw his earnings fall from £1.017m in 2019 to £692,788 in 2020 as the pandemic hit the company.