High Street broker tells staff to forget 2010 pay rise

High Street broker Swinton has told its 5,000 staff to forget a wage rise for 2010.

It comes just a week after the retail broking giant was fined £770,000 for mis-selling payment protection insurance (PPI) policies.

A Swinton spokesman said the decision was made the decision prior to the fine and not linked.

A spokesman said: "The decision was made prior to the FSA fine. The fine will be reflected in results for 2009 and the pay freeze will take effect in 2010."

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