FSA chief gets £109,000 pay boost

John Tiner, chief executive of the UK's Financial Services Authority, received a £109,752 rise in his total remuneration last year, according to the regulator.

Mr Tiner, who took over as the FSA's chief executive in September, received £471,656 for the 12 months to March 2004, the Financial Times reported.

He was paid £310,971 basic salary plus a performance-related bonus of £52,000, it said. He also received £108,685 in other benefits, including a £47,741 contribution to his pension fund.

Mr Ti