FCA CEO Nikhil Rathi received a 3.3% increase in his total remuneration in 2023/34 - in line with salary increases for many FCA staff, according to the FCA's Annual Report.

His basic salary was increased by £15,000 from £455,000 to £470,000 during the year, according to the report.

His total remuneration package for 2023/24 is £531,000 including pension and other benefits, equivalent approximately to a 3.3% salary increase year on year.

The remaining £6,000 increase in his remuneration came from increased pension contributions made by the regulator.

From May 2023, Mr Rathi opted into the FCA Pension Plan and received an annual pension contribution equivalent to 12% of his salary. He also voluntarily contributed an additional 1% of his salary into the Pension Plan. This was matched by the FCA, under the standard terms of the FCA Pension Plan.

Sarah Pritchard was the highest paid of the remaining executive directors of the FCA, with a total remuneration package including pension and other benefits of £370,000. This was a rise of £10,000 from the previous year when she was also the highest paid.

Therese Chambers, who joined the regulator's executive committee in April 2023, was close behind with a total remuneration package including pension and other benefits of £366,000.

Jessica Rusu, Stephen Roman and Emily Shepperd each took home a total remuneration package including pension and other benefits of £365,000.

Sheldon Mills and Sheree Howard received total remuneration packages including pension and other benefits of £362,000.

The fee for the chair of the FCA, Ashley Alder, remained at £170,000 a year, with non-executive director fees also held at £35,000 (with an additional fee of £10,000 to non-executive directors chairing a board committee).

The FCA announced a new employment offer in March 2022 which the regulator said resulted in an overall average salary increase of 7.1% at the regulator. In April 2023, the average salary increase was 6.8%.

The regulator further increased salaries in 2024, with increases of at least 3% to all of its pay ranges applied from April.

For the 2024/25 financial year the regulator said it expects the average base salary to increase 4.8%. Salaries at the regulator have been increased after a controversial discretionary bonus scheme was axed. The average salary at the FCA is now just over £71,000.

• All salary data taken from the FCA Annual Report 2023-24 published 5 September.