Former FCA chair Charles Randell CBE has been appointed to Fairer Finance’s Consumer Advisory Board, strengthening the group’s independent oversight of its research and policy work.
Randell (pictured), a former chair of both the Financial Conduct Authority and the Payment Systems Regulator, also previously served on the Bank of England’s Prudential Regulation Authority.
He spent more than two decades as a partner at Slaughter and May, specialising in corporate finance law, and is currently a commissioner at the Financial Inclusion Committee.
Fairer Finance, founded over a decade ago, positions itself as an independent consumer group and consultancy focused on improving fairness and transparency across financial services.
Its Consumer Advisory Board provides scrutiny of the organisation’s ratings, commercial relationships, research and public commentary. The board is chaired by Helene Brichet.
FOCUS ON INDEPENDENCE
James Daley, managing director of Fairer Finance, said: “Charles brings a rare combination of regulatory insight, legal expertise and a long-standing commitment to improving outcomes for the public. He will be a true asset to our Consumer Advisory Board.
“Fairer Finance was set up to stand on the side of customers and to provide clear, evidence-based challenge to banks, insurers and policymakers.
“At a time when trust in financial services is fragile and the pressures on household finances are significant, independent voices matter more than ever.
“Charles’ experience will help us ask better questions, test our own thinking and focus on the issues that make the most difference to consumers.”
EXTERNAL SCRUTINY
Randell said: “Fairer Finance has built a strong reputation for independent analysis and for highlighting where products, communications and practices fall short of what customers need and expect.
“I look forward to working with Helene, James and the rest of the board to help ensure that Fairer Finance continues to offer rigorous scrutiny while also supporting firms and policymakers who want to raise standards.”
