The National Church Institutions (NCIs) of the Church of England are made up of five charities which employ staff through a common employment scheme. Information about the pay of members of the NCIs is published in the NCIs annual reports . The Church Commissioners annual report is laid before Parliament and is available in the House of Commons Library.
The NCIs have two different employment strands: the Church Commissioners Institutional Investment Specialists and the NCI Common Employment Scheme. The 33 staff of the Church Commissioners Insitutional Investment Specialists are paid benchmarked salaries against other institutional investment specialists.
i) Highest total earnings are £465,584, and include an element of long term incentive payments which pays based on consistent out-performance of the Commissioners’ target investment return over a sustained period of five years.
ii) Lowest total earnings are £29,359
iii) Median is £75,050
The NCI Common Employment Scheme covers all other staff directly employed by the NCIs. Outside of the Church Commissioners Investments team, 449 people, have pay managed on a consistent policy, based on job bands. We assess pay levels against other public and third sector employers.
i) Highest total earnings are £170,239
ii) Lowest earnings are £17,632
iii) Median earnings are £38,386.
Those staff on apprenticeships, internships or training schemes are outside of this pay structure and paid at least national minimum wage.