From Andrew Bailey to Dermot Nolan: the people you've probably never heard of that affect your money

Find out who are making the big decisions about your money.

From the people who decide the Base Rate to those who are in charge of keeping the banks in line, there are plenty of people out there who you probably have never heard of who make decisions that significantly affect your financial wellbeing.

Here we take a look at a few of the financial decision makers who impact your bank balance.

Andrew Bailey

A long-term employee of the Bank of England – he’s worked there since 1985 – Bailey has just been named as the new chief executive of the Financial Conduct Authority (FCA).

In his new job Bailey will be in charge of the UK’s most prominent financial regulator. In his previous role as head of the Prudential Regulation Authority (PRA) Bailey forced Britain’s biggest banks to hold more capital and made it easier for new banks to win licences in order to establish more banking competition on the high street.

Dermot Nolan

Since March 2014 Nolan has been the chief executive officer at Ofgem, the regulator for gas and electricity markets. Recently he has been pressurising the ‘Big Six’ energy firms to cut their prices to reflect falls in wholesale costs.

So far two firms have done just that. Find out more in Don't fall for the latest Big Six price cut.

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Anthony Browne 

After spending 20 years working as a journalist, including reporting on the war in Iraq, Anthony Browne was appointed the chief executive of the British Bankers’ Association (BBA) in 2012.

The BBA is the trade association that represents the banking and financial industry and describes itself as the voice of UK banking.

As part of his job Browne overseas lobbying of the Government on behalf of the banks.

John Pullinger

The former House of Commons librarian is the chief executive of the UK Statistics Authority and boasts the impressive title of National Statistician.

Pullinger oversees around 30 Government departments and is in charge of all the data that is produced by the Office for National Statistics (ONS).

The statistics that Pullinger helps to produce are used to decide a whole host of Government policies, and are directly linked to things like increases to the State Pension and rail fares.

Andy Haldane

In 2014 TIME magazine voted Haldane one of the 100 most influential people in the world thanks to his role as the chief economist at the Bank of England.

The magazine described him as “a key figure in the debate about financial regulation”.

He has criticised Government bailouts of banks and said that bankers are overpaid. More recently he’s warned that asset management firms need to be more closely monitored.

“In the City of London and on Wall Street, many people don’t agree with what Haldane says. But they know they can’t ignore him,” says Time.

Sir Nicholas Macpherson

You may not know his name but Sir Nicholas has had a huge affect on your finances over the past 10 years. As permanent secretary to the Treasury he has been responsible for managing the Government department.

During his time in charge he dealt with the financial crisis, criticised the Labour Government for having “lost control” of spending in Whitehall and derailed the 'Yes' campaign in the Scottish referendum by releasing a letter saying he was strongly against a currency union between an independent Scotland and the rest of the UK.

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