View more on these topics

FCA crime chief quits for law firm


The FCA’s top criminal lawyer is leaving to join Hogan Lovells ahead of a raft of insider dealing cases brought by the regulator.

Claire Lipworth, who has been chief criminal counsel for three years, will become Hogan Lovells financial services team partner in April, according to the Financial Times.

Lipworth has overseen cases including the FCA’s Operation Tabernula, an eight-year insider trading case that cost the regulator £14m and led to five convictions.

The FCA has 54 more live investigations into insider trading.

Hogan Lovells’ equity partners earned an average of £700,000 last year.

Lipworth’s replacement has not been announced.

Her departure echoes that of her predecessor, David Kirk, who left for fellow US law firm McGuire Woods.

The FCA has come under fire before over the loss of its top talent.

Last August Rory Percival, a technical specialist at the FCA, announced he was leaving the regulator after 10 years to become a consultant.

He was previously a training and compliance officer at Fiona Price & Partners, and prior to that was a financial adviser.


FCA logo new 620x430.jpg

FCA: ‘Era of bumper fines is over’

The FCA says it expects it to be harder to collect sizeable fines from financial services firms following the introduction of the senior managers regime. Speaking at the Practising Law Institute’s annual regulation seminar in London yesterday, FCA director of enforcement and market oversight Mark Steward said the total level of fines has reduced since […]


FCA pays advertising giant £400,000 for PPI deadline campaign

The FCA has paid advertising agency M&C Saatchi more than £400,000 as part of plans to introduce a deadline on payment protection insurance complaints. The regulator has proposed setting a deadline for PPI claims of June 2019, and is looking to launch a wide-scale consumer communications campaign to inform people of the new rules. As […]

FCA criminal probes into insider dealing soar

The number of criminal investigations into insider dealing opened by the FCA has increased by a massive 175 per cent over the last year. Data obtained by law firm Pinsent Masons show there were eight insider dealing investigations opened in 2014/15 compared to 22 in 2015/16. Between 1 April and 31 July this year, 14 […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


News and expert analysis straight to your inbox

Sign up


There are 5 comments at the moment, we would love to hear your opinion too.

  1. The Advisory Committee on Business Appointments (Acoba), which looks at the position of all ministers who take up jobs after leaving Parliament states that:

    “Under the Ministerial Code former Ministers who want to take up any appointments or employment for two years after leaving office are required to seek advice from the Advisory Committee, and must abide by that advice. Former Ministers are asked to complete an application form”.

    This protocol should apply to ALL those in high profile regulatory positions too. But who regulates the regulator?

    Yep, you are right, in this case the FCA- the Regulator so I guess that unless the Government steps in with the FCA such practices will continue unchecked- how very cosy.

  2. What can you do other than give them 24 months contracts
    What does concern me is the quote that the FCA come under fire losing top people Is this justification to increase salaries?

  3. So they are leaving to go to the law firm the regulator uses to prosecute cases to earn multiple times more. Is this not a massive conflict of interest unless law firms have to tender for each job?

    Yet more incestuousness from within the “public” and private sector “partnerships”.

  4. The FCA is and will continue to be a “career springboard”

    The fact is this (in most cases) a very high paid, minimum input, max output, short term, high profile job…. or should I say secondment ?

    Give Rory his due he was there 10 years, however is it in the best interests of the industry, the FCA, and the public, that people only join with an ulterior motive ? I mean, before they join are they already plotting when they are going to leave and to whom ?

  5. Rules could be put in place to block people from progressing their careers post FCA.

    Not sure that will help Recruitment and Retention.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm