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

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  • 03/09/2014
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Jet setting FCA: Foreign travel tops regulator’s board expense claims
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 £10,543.91 during the course of the year.

Most of this was for foreign travel between July and December, which totalled £10,323.55.

Chief operating officer Lesley Titcomb claimed £1,574.20. Her heaviest spend was on domestic travel between October and December, for which she claimed £682.97.

Director of enforcement and financial crime Tracey McDermott claimed just £214.60 during the year, mainly for entertaining, working lunches and hospitality, and domestic travel.

 

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