FCA chiefs spend £10k on trips abroad in first six months of new regulator

Carmen Reichman
clock

Three of the regulator's top brass have spent almost £10,000 on foreign travel and accommodation in the first half year of the Financial Conduct Authority's(FCA) existence.

Chief executive Martin Wheatley (pictured), chairman John Griffith-Jones and director of supervision Clive Adamson claimed a total of £9,894 in foreign travel expenses in the six months since April. Wheatley and Griffith-Jones were responsible for the bulk of the cost, expensing £9,020 in the period on foreign travel and accommodation, while Adamson claimed back £870. Griffith-Jones racked up the highest bill, paying £5,293 for four trips to Switzerland, Washington and Beijing, while expensing a comparatively low £332 for supposedly eight nights' accommodation cost.  Wheatley, on t...

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 Your profession

Carla Brown: PFS will reassert itself as voice of the profession in 2026

Carla Brown: PFS will reassert itself as voice of the profession in 2026

PFS president and chair on building trust

Carla Brown
clock 16 June 2026 • 4 min read
Advisers need 'robust' scam protections as investment fraud losses hit £221m

Advisers need 'robust' scam protections as investment fraud losses hit £221m

Investment fraud up 40% year-on-year

Sophia Panayi
clock 15 June 2026 • 2 min read
News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read