HCA hit with £300k redundancy bill
The Homes and Communities Agency paid three senior executives more than £300,000 in redundancy payments last year.
The agency’s annual report for 2010/11 reveals Gill Taylor, the director of skills and knowledge, received a £199,535 payout, Trevor Beattie, who was director of strategy, policy, performance and research, got £44,175, and David Edwards, the executive director for the south east, received £69,032.
In addition the agency paid £346,691 into Mr Beattie’s pension fund when he left on 30 November 2010.
The report also reveals that several HCA directors are now earning more than the chief executive. David Lunts, the executive director for London, and Richard Ennis, the director of finance and corporate services, are both on a basic salary of £157,000. Chief executive Pat Ritchie earns £134,000, a substantial drop on the salary of the previous chief executive, Sir Bob Kerslake, who was on £223,000.
The annual report shows the HCA has had a successful year, exceeding its targets for housing starts and completions. The introduction to the report, from Ms Ritchie and chair Robert Napier, notes the agency is ‘in a strong position for delivery in the coming year’.
It states that keeping regeneration work on track is ‘perhaps the biggest success story of our year’, and that the agency has undergone significant changes in the last 12 months.
Challenges for 2012 include taking responsibility for social housing regulation from the Tenant Services Authority in April. The report states: ‘Ensuring a smooth transition will be an important part of our work this year.’