Treasury Committee probes CEO Rathi over FCA bonuses

Nikhil Rathi was questioned over the £23m in bonuses paid last March

clock • 3 min read
Financial Conduct Authority chief executive Nikhil Rathi

Financial Conduct Authority chief executive Nikhil Rathi

Treasury Select Committee chair Mel Stride has put the Financial Conduct Authority's (FCA) bonus scheme into question and also raised concerns over the watchdog's recent fee hike proposal for financial services firms.

Speaking yesterday (8 December) Stride said the FCA's November fee proposals "contain a significant uplift" for firms' minimum fees, adding: "It's quite a hike, certainly in proportional terms." He...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now


Already a Professional Pensions member?


More on Law and Regulation

Climate change and ESG will be among the regulator's key priorities in 2022

TPR's Charles Counsell sets out key priorities for 2022

Regulator plans to consult on CDC code and will up scrutiny on ESG decision making

Jonathan Stapleton
clock 24 January 2022 • 2 min read
WPC chair Stephen Timms. Credit: UK Parliament

Government urged to address FAS Hampshire discrepancy

Approach following landmark ruling for PPF leaves FAS members as ‘second-class citizens’

James Phillips
clock 24 January 2022 • 2 min read
TPR executive director of frontline regulation Nicola Parish

TPR: Report scams or you are failing to protect savers

Just 400 schemes and organisations have so far signed the pledge

James Phillips
clock 18 January 2022 • 1 min read