Jet setting FCA: Foreign travel tops regulator's board expense claims

Laura Miller
clock

The Financial Conduct Authority's (FCA) directors racked up expense claims between April last year and this March of £61,887, mainly to cover the cost of foreign travel for the chairman, chief executive and supervision director.

FCA chairman John Griffith Jones claimed the most in expenses from April 2013 to March this year, totalling £27,076.29. His heaviest claim period was between October and December last year, when Griffith Jones claimed £17,538.73, largely made up of £15,151.34 for foreign travel. Chief executive Martin Wheatley ranks next, claiming £22,478.91 during the year. Most of it was made between January and March this year in relation to foreign travel, for which during that time Wheatley claimed £9,684.07. Director of supervision Clive Adamson follows Wheatley by making claims amounting ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA proposes to cut down on data reporting for firms

FCA proposes to cut down on data reporting for firms

Part of regulator’s programme to ‘reduce burden’

Isabel Baxter
clock 16 April 2025 • 2 min read
FCA pumps £3.7m into advice/guidance boundary review work

FCA pumps £3.7m into advice/guidance boundary review work

Come as the regulator proposes to increase fees by 2.5%

Isabel Baxter
clock 08 April 2025 • 3 min read
Open letter slamming FCA email policy sent to regulator and government

Open letter slamming FCA email policy sent to regulator and government

'Alarming lack of consultation'

Beth Brearley
clock 20 March 2025 • 2 min read