My own personal blog. Newham Council Cabinet member for Housing Services & Councillor for West Ham ward, UNISON Branch secretary, Regional Council Officer & NEC member, Pension & Charity Trustee, Centre left and proud member of Labour movement family.
Monday, October 28, 2013
Why Union £ is the cleanest in politics : Moonlighting MPs - the politicians with second jobs in financial services
Former Tory chief whip Andrew Mitchell has been hired
by Investec as a senior strategic adviser earning £60,000 a year for 10
days work. Alongside serving as an MP for Sutton Coldfield, Mitchell will work almost a day a month for the bank.
MP for Cardiff North Jonathan Evans
Evans earns £110,000 a year for 14 hours work a month as non-executive
chairman for Phoenix Holdings including Phoenix Life Assurance, National
Provident Life and Phoenix Life.
Evans is an FCA
approved person and chairs monthly board meetings in London as well as
regularly advising the firms’ executive officers.
Until 3 December 2012, he was non-executive director and chairman of London Life Limited and Phoenix Pensions. "Until 7 August 2013 I was also non-executive director and chairman of NPI".
the register of members’ interests, Evans says: “These companies are
long established life assurance and pensions companies, closed to new
business and now owned by Phoenix Group (formerly Pearl Group) of which I
was group chairman from 2005 to 2009.”
MP for Cities of London and Westminster Mark Field
Field works as an adviser to Cains Advocates, an international law
firm, assisting with its international strategy, ambassadorial work and
advising on Government and parliamentary aspects of financial services.He is paid around £40,000 a year for approximately 10 hours a month work.
MP for North East Somerset Jacob Rees-Mogg
Jacob Rees-Mogg is director of investment management firm Somerset Capital Management LLP.
He was paid around £134,400 in the last year for 35 hours a month work at the firm.
Soames is a senior adviser on insurance and related financial services
to insurance broker and risk advisers, Marsh Group .He attends meetings and advises on business opportunities and earns £92,880 a year for 15 hours a month.
MP for Tonbridge and Malling Sir John Stanley
John Stanley is a consultant on financial services to
Fidelity, attending meetings as necessary and advising on business
opportunities and risks.He earns £21,600 a year for between five and eight hours per month.
MP for Louth and Horncastle Sir Peter Tapsell
Tapsell is an international adviser to the Mitsubishi UFJ Trust and
Banking Corporation (Japan); a Japanese Trust Bank in both Japan and
overseas.He earns £30,000 a year, paid semi-annually, for around 10 hours work a month.
MP for North Herefordshire Bill Wiggin
Bill Wiggin is a non-executive director international finance firm Philip T English International Financial Services.He earns approximately £5,000 a year for 60 hours work a year.
MP for Rochford and Southend James Duddridge
Duddrige is an adviser on strategy and business development to
Wilcocks & Associates, a financial planning firm in Liverpool. Duddridge receives £6,000 a year for an expected commitment of approximately one day per month.