The UK's Financial Conduct Authority is planning to end restrictions on pay rises for its roughly 4,200 employees next year, according to a memo from the watchdog's bosses to staff.
The note, posted to the regulator's intranet and seen by Financial News, said that the FCA's 10-person executive committee did "not anticipate we will continue with a general base pay freeze in the next annual pay review for April 2022".
